Copyright 2010 MarketWatch.com Inc.All Rights Reserved
February 4, 2010 Thursday 12:34 PM EST
SECTION: PERSONAL FINANCE; Personal Finance Daily
LENGTH: 836 words
HEADLINE: Sometimes cost can’t be no object in health care
Don’t miss these top stories:
If you have to rush your injured child to the emergency room following some sort of accident, you don’t ask questions about what the sutures or the bandages cost. In fact, you probably don’t think much at all about the cost of the care that’s being delivered — your only concern is that it works.
That’s most people’s response to receiving a diagnosis of cancer too. Few of us are going to stop to quiz the oncologist about the cost-effectiveness of the treatment that gets proposed — our only concern is getting the treatment that gives us the best chance at survival.
And yet when you do survive, as more and more cancer patients are doing, the bill will come due. And that’s when you may wish you would have had more candid conversations early on with your doctor about prices and options, as new medical literature is suggesting patients do.
Even for those cancer survivors who have private health insurance, the average medical debt they carried following their treatment was over $35,000. You might think that’s well worth it if you’re alive, but that won’t make it any easier to pay off.
— assistant managing editor
You can survive cancer and still be laid low — by the bills
Survival is the first order of business when you face a diagnosis of cancer but failure to talk business upfront with your doctor could end up being your biggest setback down the road.
Health-care spending takes giant leap upward
The economy may be struggling but spending on health care is showing no signs of slowing down, according to a study released early Thursday. The Centers for Medicare and Medicaid Services is estimating that the sector’s share of gross domestic product made its biggest one-year jump ever, going to 17.3% in 2009 from 16.2% in 2008.
The cost of doing nothing on health-care reform
The impact of not reforming health care could be more dire than first thought. The Wall Street Journal’s David Wessel says there will be more people uninsured and greater costs to employers. As for reducing the deficit? Forget about it.
Americans embrace coupons again
It’s a very American pastime that has been in decline for years: Spending Sundays clipping coupons from the newspaper. But now, we’re looking for more ways to save. And coupons are making a comeback.
What hotels rank high for bargains and luxury?
What do you want in a hotel? TripAdvisor says you prefer caring service. Hotels in Utah, Massachusetts and South Carolina rank high for special luxury. Cheap liquor is on our lips, as we entertain more at home. And McDonald’s makes plans to expand in Russia. Get three things you need to know, and join John Wordock and Ann Cates for this new show.
‘January indicator’ leaves investors cold
If January is supposed to indicate the stock market’s performance for the whole year, it is time to get a second opinion.
Who rates as a financial planner? Investors have a right to know
There are dozens of definitions for “financial planning.” The problem is there’s no universal definition — one that counts in Congress and in every state. A designation is now a more distant prospect.
Top-ranked system based on nothing more than the calendar
Bad news, investors: The highest-ranked stock market timing system that I monitor is directing investors to get completely out of stocks at the end of this week’s trading. Don’t despair too much, however. The system is also planning on getting completely back into stocks at the close of next Wednesday.
The deficit: how to protect yourself
Here’s a look at the risks the deficits pose for personal wealth — and what can be done to guard against them:
Is art the new gold?
A record-setting art auction at Sotheby’s resulted in a $104.3 million sale for a Giacometti sculpture. Kelly Crow explains why art is looking like a safe investment for the super-rich.
Investing in a $20 million Ferrari
A rare Ferrari 250 GTO comes to market with a supersize price tag of $20 million dollars. For some investors, collector cars are one of the few safe investments.
Three estate-planning changes coming your way
The Obama administration’s proposed budget calls for lots of changes that could affect your estate plans, and ignorance isn’t bliss — it’s foolhardy.
THE JOB MARKET
Four ways to take advantage of Obama’s budget proposals
President Obama is rightly focused on jobs. The lack of them is killing America, and it’s worse than you’d think. The unemployment rate is actually a whopping 17.3% when you consider those forced to work part-time as well as those fully unemployed, according to the Bureau of Labor Statistics.
30-year fixed-rate mortgage inches above 5%
Rates on fixed-rate mortgages rose slightly this week, with the 30-year fixed-rate mortgage averaging just higher than 5%, according to Freddie Mac’s weekly survey of conforming mortgage rates, released on Thursday.
© 1997-2008 MarketWatch.com, Inc. All rights reserved. See details at http://custom.marketwatch.com/custom/docs/useragreement.asp.
LOAD-DATE: February 5, 2010