SAVING ON HEALTH CARE
November 9, 2007
With a little research it is possible to cut health bills by half or more, says ABC Action News.
One way to save is to shop for tests:
- To compare prices, you need to know the CPT (Current Procedural Terminology) code, a universally accepted number that corresponds to an MRI, a specific lab analysis or any other billable service.
- Once you have the code, you can get price quotes from several providers.
- Savings can be substantial; for a CT scan, for example, the price could range between $500 and $1,500 at two different facilities, says Devon Herrick, a senior fellow with the National Center for Policy Analysis.
Another way to save is to arrange for independent lab work:
- Blood and urine analyses can be done easily using online resources such as MyMedLab.com.
- Once your doctor gives you a prescription for a test, have blood drawn at one of 3,000 collection sites nationwide; the vials are then mailed to independent labs.
You can get more than 30 blood readings and analyses starting at about $95 -- around 75 percent less than getting the same tests at a hospital, says Herrick.
Source: Julian Kesner, "Saving on Health Care," ABC Action News, November 8, 2007.
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