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Hospitals offering cash discounts on medical bills

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    Dr. Siegel weighs in on what he calls 'price gouging'

  • Duration 2:42
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-- -- And that cash on hand because it could save you big time the next time you go to see the doctor -- is bringing their insurance card an act try this folks because many physicians and hospitals these days.

Are giving steep discounts.

If you can -- out of pocket instead of using your health insurance doctor Marc Siegel -- this.

Medical eighteen were joins me now good morning doctor good to having -- -- good morning Martha you know what is his address me crazy is when every -- doctor's office to get an appointment.

Before you can even -- your name out and what you wanna you know what you're hoping to achieving your phone call.

What's your medical insurance that's all they want an out they want to answer any questions -- until the with the medical intern says.

And it turns out that in some cases people are saving a ton of money if they if they bring -- to pay for their scans and all sorts of things.

You know Martha on the surface I could start off by saying this is a good thing that you save money you pay cash.

I would give you the same service for last if you pay cash you go to a hospital you wanna -- stand.

The LA times found out that some cat scans are charging 6000 dollars for an insurer -- you wanted to pay cash it was a thousand I could say that's a good thing.

But consider this.

It's actually price gouging the the hospital is actually charging a lot more to the insurer then they're going to charge you.

And where do you think that money's gonna end up coming from it'll end up coming out of your pocket one way or the other.

Out there you're -- -- going to be paying higher premiums.

Took cover all these huge cost that the insurance companies are paying for these procedures.

Or as obamacare roles and it's gonna come out of the taxpayer's pocket so there will end up with a two tiered system of health -- you -- for cash.

Or else your insurance pays a fortune in your not even aware of what they're -- there's no way a cat -- should cost 6000 dollars.

But you know what I mean it makes it so stark and clear.

Where the money is caught up in the system right because if they're saying it -- -- in this one case that it was a CT scan for the abdomen.

It was going to be 4443.

Dollars that blue shield said -- we got a good price when he 400 box.

But when that newspaper called -- an -- for the price if they paid in cash 200.

And fifty dollars so what.

What's -- -- what is the cost to actually running this this game.

I love that 250 dollars can you imagine that shows you that the technology's been around awhile and there's no way it should cost 4000 dollars.

I think airport Martha it's caught up in the middle -- all of this money is caught up in the back and forth between the insurance company.

And the hospital and that's why our premiums are so high that is absolutely the problem of the future as more and more insurance rolls -- It's worth looking into camp mark thank you so much -- this is -- are right.

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