Ted Bauman is a financial expert. He studied at the University of Cape Town where he graduated with a degree in economics and history. He has worked in South Africa for 25 years with various non profit organizations. One of the organizations that he worked for is slum dwellers organization which dealt with low-cost housing projects. In his career as a financial expert, Ted Bauman has come to understand various important things that can cushion people from financial exploitation. From his business analysis, big businesses are involved in practices that exhibit customer exploitation. One of the areas that he has identified is the emergency room.
Americans seeking emergency room services are normally overcharged to a tune of over $3 billion annually. This is according to research conducted by the John Hopkins School of Medicine. According to Ted Bauman, there are various initiatives that patients can take in order to eliminate the chances of exploitation. Here, we will look at some of these tips which he believes will go a long way in helping the people overcome the challenge of getting astronomical bills from the emergency room facilities.
If you suspect that your bill is not rational, you should question the facility. For instance, you should ask for a breakdown of each of the services offered. You’ll want to know how the total amount was arrived at. It is very common to find that you were overcharged to for something that did not require any fee. Ted advises patients to consider asking for more information about the procedures and tests they will undergo. You might find that a doctor is recommending an expensive test which could be done with an alternative that will not cost a lot.
Ask for in-network providers
When seeking services from an emergency room, you should not think that your insurance network covers every provider. So, before getting any treatment, ensure you’re getting services only from in-network providers. This will protect you from exorbitant prices associated with out-of-network practitioners. To make your facility aware of your decision, you should make it clear in your admission form that you want an in network services.
Over a year ago, on Feb. 5, 2018, entrepreneur Shervin Pishevar pumped out 50 consecutive tweets in which he made a variety of predictions and shared his take on a number of issues. Here are some of the most notable things he referenced in the 50-tweet “tweetstorm.”
Shervin’s Bitcoin Prediction Came True
In Dec. 2017, the price of bitcoin peaked at roughly $19,500 per bitcoin. Shortly thereafter, bitcoin’s value began to drop rapidly.
In his 24th tweet, Shervin Pishevar predicted that bitcoin’s price would continue to fall from its then-current value of roughly $9,000. This prediction turned out to be accurate.
The second part of his prediction stated that the price of bitcoin would stabilize somewhere between $2,000 and $5,000. In late Dec. 2018, Shervin published a tweet that recognized the accuracy of his bitcoin-related prediction. Since then, the price of the world’s most popular cryptocurrency has held true at a rough price of $3,500.
The Entrepreneur’s Views On Gold Haven’t Proven Correct Thus Far
One ounce of gold fetched about $1,350 at market at the time of Shervin Pishevar’s tweetstorm. Pishevar predicted that the price of gold would rise in the future, but he didn’t indicate a time horizon. As such, objectively judging the validity of his prediction is difficult.
The price of gold dropped to $1,190 in 2018. Currently, however, gold’s price sits at $1,325. Based on the consistent upswing in gold’s price over the past six months, it’s likely that the price of gold will, in fact, soon exceed its price at the time of the tweetstorm’s publication.
The United States Government Hasn’t Made These Predictions Come True
Shervin Pishevar shared last year that he believed that Microsoft, Amazon, Facebook, Alphabet, and Apple were all monopolies. Although none of them are as large or as powerful as the Bell Telephone Company was in 1984, the year its monopoly was broken up by the U.S. government, Shervin noted that they are quite powerful for their respective industries.
None of these companies’ organizations have been broken up since his tweetstorm, though he still feels that the government should step in.