U.S. News and World Report featured Dr. Richard Seidman, L.A. Care's Chief Medical Officer, in "8 Strategies for Saving Money on Your Health Care". The piece talks about how most U.S. workers don't fully understand their health care benefits. They also are not aware that they can lower health care expenses by making choices that could save hundreds or thousands of dollars.
Dr. Seidman was one of the experts the publication turned to for some of these consumer strategies.
You can save money without compromising your health care by asking your physician whether certain tests or procedures are necessary. Ask about the prices of procedures and whether there's an alternative. Ask about discounts if you're paying cash.
If you have an employer plan, there will likely be options. Take a look at the costs of the PPO [preferred provider organization] plan and compare it to what the managed care plan is offering. By doing a little research, you can determine which plan is right for you. An HMO will generally come at a lower cost but will offer less flexibility. Still, it might be right for you.
If you have a serious chronic or terminal condition, ask your doctor or health plan about palliative care and hospice services. Early palliative care can save money by reducing a patient's time in the hospital and benefit the patient in other ways.
--Richard Seidman, MD, MPH
Chief Medical Officer, L.A. Care
About L.A. Care Health Plan
L.A. Care Health Plan is a public entity and community-accountable health plan serving residents of Los Angeles County through a variety of health coverage programs including L.A. Care Covered™, Medi-Cal, L.A. Care Cal MediConnect Plan and PASC-SEIU Homecare Workers Health Care Plan. L.A. Care is a leader in developing new programs through innovative partnerships designed to provide health coverage to vulnerable populations and to support the safety net. With more than 2 million members, L.A. Care is the nation’s largest publicly operated health plan.