Yesterday we began a discussion about medical bills. We noted that medical malpractice awards are structured to cover the cost of care for patients who have been harmed. One of the primary reasons that these award amounts must be as high as they are is that the line by line medical costs for patients are too often inflated past recognition. This places stress on patients trying to pay these bills and on the American economy that must absorb the effects of an unbalanced medical care system.
A TIME Magazine cover story about medical bills has recently received a great deal of media attention. The American public is quite familiar with the fact that the cost of medical bills is causing even insured Americans to lose their financial footing. However, the TIME story makes clear that it is not just the bottom line medical costs that are harming Americans at nearly every income level but also the line by line costs.