Healthcare Costs

Being a finance nerd, how else would I spend my time off? Analyze my healthcare costs with pivot table. Here are the breakdown of costs since my cancer diagnosis (as of Dec 2020).

ProcedureTotal CostPatient Cost
Exam & Scan $         81,255.70 $               9,514.39
Medications $         30,747.91 $                  284.78
Dr Visit $           2,242.61 $                  681.07
Bloodwork $              478.53 $                    18.59
Immunizations $                      –   $                          –  
Grand Total $       114,724.75 $             10,498.83

As you can see, the cost of medical care in America is ridiculous. These procedures-to-date mostly cover diagnostic scans and exams; Cancer drugs are roughly $15K/mo so the medication number will increase substantially over time. Without insurance, the “sticker price” of the medical costs would be $114K. Even with really great benefits, wide in-network coverage, and $0 deductible, my patient cost (co-pays, co-insurance) still comes out to be over $10K.

I think about how many people would not be able to afford medical care, especially during this time of high unemployment, uninsured/underinsured workers and stay-at-home orders. I’m fortunate that I have the means to be able to seek treatment. It’s sad that in the US people have to make the difficult choice between getting critical diagnostic biopsy and life-saving treatments with basic living expenses or avoiding a lifetime of medical debt. There has to be a better way – healthcare reform would help everybody regardless of age, race or income level.

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