Jon's Soapbox
Good Advice for Dealing with Medical Bills
(Posted 06/28/2008) - I stumbled across this article in Kiplinger's Personal Finance (August 2008 issue). It provides some interesting facts that should be of interest to anyone who is concerned with spiraling medical costs in the US.
Pay special attention to the average 'mark-up ratio' applied by hospitals in the US. It is quoted by the author as being a whopping 300% of service costs!
I guess someone has to pay for the brick and mortar, imaging machines, and return on equity to investing partners!
It's a 3-page read -- here are the scanned page thumbnails... just click in left to right order to read the article. It's an eye-opener on how to deal with Medical Bill's if you don't have Medicare or Personal Insurance running interference for you.
