Nicole Lapin: Money Game Medical Edition

You negotiate at the car dealership, and the farmers market...why wouldn't you negotiate your medical bills? You can and you should. Nicole Lapin was here with a special edition of The Money Game with Dr. Oz!

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Americans spend over twice as much per capita on healthcare as the average developed country does, at an average of $8,508 per person. That adds up to $2.8 trillion, or a staggering 18% of GDP.

Q. Who spends the most on healthcare: men or women?

  • A. Men
  • B. Women. Average health care costs for women are 25% more than for men, primarily due to higher spending during pregnancy and after age 85.
  • C. Children
Q. You can always dispute charges for:
  • a. blood work
  • b. gowns, gloves and sheets*
  • c. xrays
FACT: You must apply to negotiate your medical bills within: 90 days

Q. One of the most common overcharges is:

  • a. for medication you brought with you
  • b. oxygen
  • c. extra paperwork
One of the most common duplicate charges is for:
  • a. x-rays
  • b. hospital food
  • c. ambulance transports

1 in 5 Americans are contacted by bill collectors in regards to medical debt. Medical debt accounts for $1 out of every $3 owed in collection accounts, far more than all other debt in collections.
  1. Tips for negotiating medical bills:
  2. Get itemized statements
  3. Know the costs
  4. Don't procrastinate
  5. Consider payment options
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