Sunday, February 9, 2014

Obamacare blew it on health cost transparency

Another way Obamacare blew it -- no transparency on health care providers' charges --

How much for a new hip or knee? Depends on the hospital - Miami-Dade - ". . . .“We don’t fully understand the reasons,” she said. “But we want people to know that, when they go to the hospital for something, there may be another hospital two miles away that charges significantly less. We hope [the new data] gives folks the information they need to do some selective shopping.” Jackson Memorial and the University of Miami Hospital are much less than two miles apart — they’re right across from each other along Northwest 12th Avenue — but they charge far different prices for the same procedures. Jackson’s average cost for a pacemaker implant was $127,000, about twice as much as the $66,000 that UM Hospital charged. Treatment for pneumonia cost about $32,000 at Jackson — and $60,000 at UM. Similar cost discrepancies are apparent throughout South Florida and the rest of the country. . . ."

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