Posted on Feb 14, 2023
Nearly $50,000 a week for a cancer drug? A man worries about bankrupting his family
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Posted 1 y ago
Responses: 4
Specific to him, it sounds like it was a hospital error and not Medicare's fault (the hospital submitted the bill to Medicare and used the wrong coding on the diagnosis he had). Once the hospital resubmits the bill with the right codes it should be approved.
I often wonder about the "price" of drugs and medical procedures. How often do you see on your EOB that the hospital billed $2000 for something but was reimbursed $50 for it. If the negotiated priced between the insurance plan and the hospital network was for $50, then you have to assume that the $2000 nowhere reflects reality.
I often wonder about the "price" of drugs and medical procedures. How often do you see on your EOB that the hospital billed $2000 for something but was reimbursed $50 for it. If the negotiated priced between the insurance plan and the hospital network was for $50, then you have to assume that the $2000 nowhere reflects reality.
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PO1 William "Chip" Nagel
"Paul Davis is a retired physician in Findlay, Ohio, who gets weekly treatments of the drug Kimmtrak to help stave off the progression of his rare cancer — uveal melanoma. He worries the accumulating cost of the drug — nearly $50,000/week if he has to pay it out of pocket — could saddle his family with crushing medical debt after he's gone."
"Paul Davis is a retired physician in Findlay, Ohio, who gets weekly treatments of the drug Kimmtrak to help stave off the progression of his rare cancer — uveal melanoma. He worries the accumulating cost of the drug — nearly $50,000/week if he has to pay it out of pocket — could saddle his family with crushing medical debt after he's gone."
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