Leave your insurance card home: Paying cash for prescription drugs and medical care

Our suspicions were confirmed last week with the report that medical costs continue to escalate. Milliman’s widely respected, annual medical index estimates that the cost of an employer-provided health plan (employer and employee payments combined) hit $25,826 for a family of four in 2015, a 6.3 percent increase from the previous…

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Secret negotiations between hospitals, insurance companies keep health care prices high and variable

You’ve read the stories many times before. Two patients with the same diagnosis, say, an inflamed appendix, receive identical operations by excellent surgeons at well-respected health care facilities. One patient is charged $1,200; the other more than $4,000. And so on, for test after test, procedure after procedure, operation after…

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