This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Medical Cost Transparency

Starting Monday, you can go to HealthGrades (HGRD) to order reports detailing the average "list prices," health-plan payments and out-of-pocket costs for all expenses related to a variety of common medical procedures, including hospital, physician, drug and laboratory fees. The new service is called HealthGrades HealthGuide.

What's so important about that, you ask?

Well, can you imagine buying a new car without any idea of the price you should pay? Few, if any, buyers pay the "sticker price" on the window. With today's technology and online comparison tools, it's easy to negotiate a better deal for the car you want.

But when it comes to health care and hospitalization, we just accept the bill that is presented to us -- in effect, paying the "sticker" price.

If you need to go to the hospital for treatment or surgery, you probably never ask about the costs. Why should you care? Your health insurance will take care of most of those huge bills, except for your deductible and copayments. And even those copayments have a maximum limit. If you are covered by employer-provided health care, the cost of a hospital stay is usually the last thing on your mind.

The same holds true for seniors, who can rely on Medicare to cover the huge costs of hospitalization, especially if they have purchased a policy that expands on the basic Medicare Part A. And if you qualify for state Medicaid programs by virtue of your low income and assets, you have access to the same high-quality hospitalization treatment. Once again, there's very little incentive to care about costs.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $130.46 0.38%
GOOG $538.11 -0.20%
FB $82.31 2.30%
TSLA $249.19 0.34%
YHOO $43.42 0.63%

Markets

DOW 18,095.22 +83.28 0.46%
S&P 500 2,113.23 +3.63 0.17%
NASDAQ 5,097.6340 +21.11 0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs