Thursday, September 15, 2011

Understanding the High Cost of Medical Care

Here's a great article explaining why medical care can cost so much. What it neglects to explain in detail is that the negotiated insurance rates are usually SO LOW that the MD office has to increase the cost just to make enough to stay afloat in the office and pay each of these people. (Same with any medical office or facility.)

Some of the procedures could be shortened and made more cost effective of course, but then someone has to consult with the doctor or his medical group to set up a more efficient office practice, and that costs lots of money too that has to factor into your bill. Interesting.....