Medical Emergency: A.K.A Financial Emergency

We have been told time and again that health is wealth and we should do our part to ensure we are in excellent shape all the time. You can do almost everything with a healthy mind and body. Unfortunately, our body isn’t fool-proof. There are times when we will eventually succumb to the fatigue, stress, and germs and get sick in the process. And there are instances when medical emergencies strike and a person will require immediate medical assistance, so appropriate and timely life-saving measures can be done to save a human life. Your first instinct would likely be to call for help especially if you are not a trained medical professional that knows what to do during such terrifying situations.

Emergency medical personnel can intervene and provide the necessary emergency measures to any sick or injured person until they reach the hospital. From there into the emergency room the patient goes where the interventions continue. More often than not, the confused and scared family members or relatives would consent to whatever intervention is needed to support the patient, especially during critical situations. But they are in for a big surprise after they weather the storm.

No matter how advanced medical technology gets, for many patients modern health care begins in a hospital emergency room and ends with an unexpectedly huge bill. s
On average, emergency-room bills for out-of-network care is 4.4 times higher than what Medicare allows for the same services, costing consumers more than $3 billion a year, according to a nationwide study by the
Johns Hopkins School of Medicine, recently published in the Journal of the American Medical Association Internal Medicine.

Put another way, emergency medicine physician charges came to about $4 billion versus $898 million in Medicare allowable amounts. Overall, the study found that emergency departments are charging anywhere from 1.0–12.6 times ($100–$12,600) more than what Medicare pays for services.

(Via: https://www.cnbc.com/2017/08/10/medical-emergency-er-costs-skyrocket-leaving-patients-in-shock.html)

Saying that medical emergency expenses are ludicrously expensive is an understatement. If you don’t die from your condition, you’d die from the amount you have to settle for after. Not all the time your health care plan will pay for everything (that is if you have one). This is a major issue right now as well in the US where President Trump is adamant in abolishing the Affordable Care Act that will put millions of poor Americans without medical insurance for good.

Hospitals bill the bulk of their charges for ER visits this way.   Each one represents what’s commonly referred to as a facility charge.

ERs are expensive.   No one denies that.  They are open and staffed 24 hours a day.   Staff has access to all sorts of high-tech equipment that can be used at a moment’s notice.

And, by law, they have to treat everyone who comes in the building, no matter any person’s ability to pay.

Many times, people don’t pay. That’s part of the reason why there are facility fees for the rest of us.

So, yes, ER bills can easily stretch into the thousands.

(Via: http://www.9news.com/news/investigations/medical-cost/why-er-visits-are-so-expensive/438480527)

While the majority will cry how unfair the system is, there is little we can do about it unless the system undergoes a total overhaul. For now, it s what it is. Emergency medical assistance does not come cheap and almost everybody is aware of it. It’s a given since ERs are staffed by specially-trained medical providers 24/7, high-tech equipment and well-equipped with all sorts of drugs and tools needed to save lives.

Unfortunately, there are instances when an ER visit can’t be avoided especially if there really is a medical-related emergency at home. It gets even worse as existing medical insurance companies continue to reduce medical coverage and even entirely remove certain conditions from what is currently covered by most health plans. We can only hope and pray that legislators wake up and realize how difficult life is for ordinary citizens and start making laws that truly uplift the people’s lives especially when it involves their health and well-being.