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).
|Procedure||Total Cost||Patient 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.