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BruceCM writes,

Close, but not quite.

The $30K Doctor's bills (there may be several Doctors involved in the total bill) will be subject to a $185 deductible for the calendar year,...


Yeah, I didn't include the $198 Part B deductible (for 2020) since it's lost in the round-off on a $100,000 hospitalization.

A much larger fact that may be of interest to folks evaluating their Medicare options is the wide difference between the "Medicare rate" and the unlimited price gouging you see with for-profit health insurance for those under age 65.

The Rand Corporation looked at 13 million hospital bills submitted to employers and found that, on average, they were paying 241% of the Medicare rate with some hapless victims paying up to 400% of Medicare.

Paying 20% of a medical bill limited to the "Medicare rate" is going to feel like leaving a tip on a lunch check.

Just to recap for those not following the arithmetic, my $100,000 hospitalization under Medicare would be $241,000 to $400,000 if you had the same illness before you turned age 65.

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