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IPFS News Link • Healthcare Industry

Price Transparency: How to Fix Healthcare

• https://www.prageru.com by Will Bruhn

How 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.


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