In this article, Ester Bloom writes about a “trick” she used to save $400 on a medical bill. The trick? Shopping around and paying cash. She tells about her own experience of doing research and finding alternative facilities that offer MRIs at a lower cost than the hospital where her doctor referred her. She notes in her article that a study from the National Bureau of Economic Research found that less than 1% of individuals actually shopped around for lower medical prices.
At Sidecar Health, we not only enable our members to pay the doctor directly at the time of service so they can take advantage of cash discounts, we also publish average rates in your area for your medical service so you have a baseline of how much it should cost. We go even further and publish actual prices that other members paid for medical services at that facility, making it easy for others to compare prices and shop around.
Read the full article from CNBC
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