That Medical Test Costs $50, or Is It $500?

November 20, 2014

(New York Times) – In many ways, Duff’s is like our health care system. Someone else appears to be paying for it, so who cares how much it costs? To fight this, insurers continue to raise co-payments and deductibles, making us pay more in an attempt to reduce inefficient spending. But health care costs continue to rise. Recently, the agency that runs Medicare said that health spending would increase by 5.6 percent in 2014, 2 percentage points more than last year. Health care prices in the United States dwarf those of all other industrialized countries.