IPFS News Link • Healthcare Industry
Price Transparency: How to Fix Healthcare
• https://www.prageru.com by Will BruhnHow messed up is our healthcare system?
This messed up.
Researchers compared prices amongst 53 hospitals for a standard heart procedure, called a CABG, or coronary artery bypass grafting. Not only did the researchers find a 10-fold difference in price for the same procedure across hospitals — from $44,000 dollars to $448,000 dollars; but they also found no correlation between higher prices and better quality of care.
Other studies have shown there can be up to a 39-fold variation in price for a simple blood test across medical centers in the same metro area.
Here's the punchline.
We have no idea how much we're paying for healthcare services.