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Appendicitis Treatment Can Cost Up To $183,000 In California: Study

Via: Huffington Post

If you need to have your appendix removed in California, it could cost you as little as $1,529 or as much as $182,955. What’s worse, there’s practically no way to predict the size of the hospital bill, a new study shows.

The researchers determined that the median price for appendicitis treatment was $33,611 but that costs varied wildly depending on a number of factors, such whether the hospital is for-profit, nonprofit, or county-owned, and whether the patient was covered by private health insurance, Medicaid or was uninsured.

Almost one-third of the variation in price couldn’t be explained for any reason, according to a study published in the Archives of Internal Medicine this week.

The high cost of an appendicitis treatment highlights the country’s rising health case costs, of which the biggest expense is hospital care, according a recent study. With the ranks of the uninsured approaching 50 million Americans and greater numbers of people being pushed into health insurance plans with deductibles of $1,000 or HIGHER, knowing the actual prices for medical services is more important than ever. The problem is that knowing the answers beforehand isn’t easy.

“Our findings suggest that there are inherent limitations of market theory within the health care system, and much work remains to be done to allow consumers to fulfill the role of a true consumer in the health care marketplace,” Renee Hsia of UCSF and her colleagues wrote. “These data should alarm those making decisions about our society’s ability to obtain medical care without financial catastrophe.”

http://www.huffingtonpost.com/2012/04/24/health-care-costs-for-app_n_1448950.html?ref=business

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personal story:

I retired early at age 56.

I knew I could not risk going without medical insurance, and I knew I could not pay COBRA of +$700 without working.

So I moved to Thailand where I have FULL COVERAGE (physcian, hospital, meds – with NO deductibles) for LESS than my co-payment was in 2000.

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photo (the red x):

And YES, I would pay $182,995 to have these four chuckleheads removed. Gladly.

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April 25, 2012 Posted by | Uncategorized | , , , , , , , , | Leave a comment