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The Real Cost of Hospital Care

In a video interview with University of Pennsylvania Wharton School economics professor Mark Pauly, Chileshe Nkonde-Price, MD, discusses the price of ...

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Dr. Pauly's recommendation to "determine beforehand" or "negotiate beforehand" regarding pricing with hospitals is extremely unrealistic for the average healthcare consumer requiring hospital care, especially in emergency situations. Saying this situation only applies to a "very small sliver" of the population is also ridiculous considering the tens of millions of Americans who still lack private insurance. If you go and see how much insurance costs on the Healthcare Exchanges and what little you get for your money, you'll see that costs are still prohibitive, making it very difficult for many Americans to "follow your dad's advice." This feels a lot like "picking on the victim" to me, to use your own words. Jason Theobald, MD/MBA candidate
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not only in emergency situations, also in normal situations, it is not possible to estimate or negotiate before hand. Many time, additional activities are to be performed after the initial clinical decision and estimation. This leads to increase in cost to the patient.

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