Dominique Vervoort and Ge Bai analyzed the percentage change in average charges and compared them to average Medicare Part B (fee-for-service) payments for 51 specialties. Data was drawn from the years 2010 to 2019, with the figures adjusted for inflation. The authors found a positive association between the change in charges and change in Medicare payments (see the figure). This was not unexpected. Charges are often pegged to Medicare in some way. There were two outliers. (This too should come as no surprise). Emergency care and anesthesia charges grew faster and were above the trend line.
Category: Doctors & Hospitals
The Mis-Match that Prevents Thousands of MDs from Working
Imagine spending eight years after high school studying for your dream career. You apply to every medical school you can think of. If you don’t get into a cheaper state school, you apply to more expensive private medical schools. Some aspiring physicians even apply to schools in other countries. When you finally graduate you must then apply for graduate medical education (GME) training programs, which are required before you can practice medicine in all 50 states.
Dental Tourism: Sun, Surf and Savings
I calculated what my ($4,000) Costa Rican dental work in 2021 would have cost in the United States. My back of the envelope math is about $12,000. Previous trips cost about $2,000 if I recall, including the implant, oral surgery with bone graft, panoramic x-ray, deep cleaning and two crowns. Basically, what would have cost more than $18,000 in Dallas was about $6,000 in Costa Rica. The quality is great and it was one-third the price.
Why Dogs Get Better Care Than Most Humans
My dog had to go to the veterinarian on Tuesday for her annual visit. Where I live vets aren’t particularly cheap, but they have one thing us human patients do not: price transparency. Since most pet owners don’t have health insurance for their pets, they are more price sensitive. Because vets don’t have many different insurance companies to bill, prices tend to be uniform. One vet we’ve patronized even has a list of lab test prices on each exam room wall. It explains the cost of various individual tests and a package price if all were performed together. Another vet has a note on the interior door that reads, “Did you make an estimate???” When is the last time you saw a sign like that in your physician’s office? Probably never.