Tag Archives: price transparency

How Price Transparency Could End Up Increasing Health-Care Costs

Getting your appendix out can cost between $2,000 and $180,000. Hip replacements run from $10,000 to more than $100,000. Hospitals, we have also learned, frequently mark up the price of cotton swabs and routine X-rays by 300 or 400 percent, with most patients … Continue reading

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Price Transparency at its WORST

You may have heard this week about a new study, led by my friend and colleague Pete Cram, which revealed astonishing variation in prices for hip replacement surgery. Staggering, actually—ranging from a bit over $10,000 to over $125,000.  I have … Continue reading

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One Price Does Not Fit All for Medical Fees

In the New York Times on Friday, Roni Caryn Rabin writes a great article about the crazy price hikes that hospitals and medical clinics impose upon patients who come to them from “out of the network.”  Examples include a more … Continue reading

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Are Insurance Companies the Key to Lower Prices?

Two patients lie asleep on operating room tables, each with an inflamed appendix demanding to be relocated to a specimen jar.  Two operations take place, each one lasting close to fifty minutes, each one performed by an experienced surgeon at … Continue reading

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Should Your Doctor Talk With You About the Cost of Your Pills?

In the last few decades, medical schools have been teaching us doctors to inform patients about their treatment alternatives, so our patients can pick the alternative that best fits with their individual values. Which raises the question: Should doctors take … Continue reading

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