Did you know that the United States, per capita, spends more than twice the average of other developed countries on health care?
Research by the Organization for Economic Cooperation and Development reveals that this higher spending likely is driven by a greater use of technology and higher health care prices, rather than more frequent hospital admissions or doctor visits.
This higher spending has had a big impact on the average American wallet. Today, many Americans are paying a larger percentage of their medical costs than ever before. Although the Affordable Care Act may have given more people access to health insurance, those insurance plans often come with high deductibles.
In order to save money on health care, American consumers should look at health care just as they look at other services they purchase. They need to shop around and follow the shopper’s maxim of “let the buyer beware.”
Here are several ways to save on health care costs they you may not have considered.
1. Do some research. You wouldn’t buy a car without doing some research, would you? You can apply that same comparison shopping mindset to buying a surgical operation or other planned medical procedure.