by winston » Wed Jun 19, 2013 8:01 pm
Dramatically reduce your medicals bills with one simple step by Dr. David Eifrig
A new study from Johns Hopkins University found that doctors order fewer lab tests during a patient's hospital stay if they realize the costs of the tests.
If you're a longtime Retirement Millionaire subscriber, you know doctors are notorious for overprescribing treatment.
One survey found $226 billion was wasted on unnecessary lab tests in 2011. And these tests aren't just wasting money. They're harming patients with overtreatment – exposing patients to unnecessary radiation from CT scans and x-rays and potential side effects of needless medications.
Even doctors think patients are over treated (about 28% of the time, according to the Journal of the American Medical Association).
The next time your doctor orders a test... make sure he explains exactly why the test is needed and ask him for the price. This may make him think twice before subjecting you to a test you don't need.
Source: Retirement Millionaire
It's all about "how much you made when you were right" & "how little you lost when you were wrong"