I began processing health care claims for my employer in 1961; my first job in an employee benefits career that ended in 2010.
In those days gone by a standard office visit was $5.00.
If you adjust that $5.00 for the CPI, today you get $39.61. If you adjust the $5.00 for medical cost inflation, you get $97.51.
Today a Level 3 fifteen minute office visit with an established patient in my zip code is $156
Fifteen minutes is still fifteen minutes, but I’m guessing the overhead to operate a small business such as a medical practice has gone up substantially in large part because of laws and regulations.
What do you think?