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Afford Anything

How to Understand Your Medical Bill, with Marshall Allen

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 26 October 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

#345: Let’s talk about one of the biggest expenses you might ever encounter: health care costs. When you get a hospital bill, do you understand it? After all, it looks like it’s written in code (and sometimes it literally is). How do you know if the bill is accurate? Has everything been coded properly? Are you being charged for the services that you actually received? If you need to dispute an item, what’s the process? Pulitzer Prize finalist Marshall Allen joins us to shed light on the complex world of medical billing. He breaks down the “explanation of benefits,” describes a step-by-step process for obtaining your medical records, and explains an actionable plan for how to contest a bill. If you’ve ever felt overwhelmed by the complexity of your health care bills, you’ll learn a lot from this concise, informative episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode345 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.2

Every choice that you make is a trade-off against something else and that doesn't just

0:14.8

apply to your money.

0:16.2

That applies to any limited resource that you need to manage, like your time, your focus,

0:21.6

your energy, your attention.

0:23.8

Any scarce resource presents a set of decisions.

0:28.5

And that set of decisions necessitates asking two questions.

0:32.3

First, what matters most?

0:34.0

And second, how do you align your decision making around that which matters most?

0:41.2

Discovering the answers to these two questions is a lifetime practice.

0:45.2

And that's what this podcast is here to explore and facilitate.

0:48.5

My name is Paula Pant.

0:49.5

I am the host of the Afford Anything Podcast.

0:52.2

And today we're going to talk about one of the biggest bills that all of us over the

0:58.1

span of our lifetimes face.

0:59.9

Now we know the big three expenses, housing, transportation and food, those are for the

1:04.7

average American, the three biggest line items in our budget.

1:08.2

But there's a fourth.

1:10.0

And it's medical bills, medical care.

1:13.0

This is a complex and confusing world.

1:15.8

The average, I don't know whether to use the word consumer or patient.

1:19.5

I'm going to oscillate between the two.

...

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