The Truth Behind Medical Bills In America

Medical bills in America are a weapon of mass financial destruction. Remember: medical bills are only a starting point. Don't be too quick to just pay the bill. Instead, explore your options. It's estimated that 80% of bills contain errors.

That's why you should always ask for an itemized bill and circle back with your insurance company to make sure they're paying their part. A lot of times, your health insurance will just try to offload the bill on you. And familiarize yourself with healthcare math.

Yes, it's confusing and maddening, but it's important- especially if you have a big bill out there. Always look at your out-of-pocket maximum on your insurance. This is the amount you'll owe in a catastrophic situation. Let's face it; our for-profit healthcare system is great quality, but crazy expensive.

So make sure you protect yourself. Medical billing in America is a shakedown, and regulations have yet to catch up with the providers' scammy tactics. In fact, it's so scammy that credit bureaus now treat that debt differently than other debts. The secret is out. Negotiate your bills, especially from the hospital. The bottom line? Don't trust any medical bill. They're riddled with errors.

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