Hospital Prices

Who actually benefits from these high prices and why do they persist? Is it just greed, or something endemic in the system - J.B. Silvers

Hospital Prices
Hospital Prices

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Hospitals Forced To Be More Transparent About Pricing. Will That Save You Money?

Hospitals are facing the new year with new requirements to post price information they have long sought to obscure: the actual prices they negotiate with insurers and the discounts they offer their cash-paying customers.

With the new hospital rule, consumers should be able to see the tremendous variation in prices for the exact same care among hospitals and get an estimate of what they will be charged for care — before they seek it.

The new data requirements go well beyond the previous rule of requiring hospitals to post their "chargemasters" — the hospital-generated list prices that bear little relation to what it costs a hospital to provide care.

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 Hospitals Forced To Be More Transparent About Pricing. Will That Save You Money?

Hospitals are facing the new year with new requirements to post price information they have long sought to obscure: the actual prices they negotiate with insurers and the discounts they offer their cash-paying customers. Yet there is disagreement on whether posting the prices for hospital services and procedures will actually achieve that goal.

How to Cut Your Health-Care Bill: Pay Cash

Hospitals and other providers increasingly are offering cash prices far below what they charge through insurance.

One State’s Effort to Publicize Hospital Prices Brings Mixed Results

New Hampshire has one of the most comprehensive and oldest hospital price-transparency laws in the U.S. It posts prices charged by individual hospitals for magnetic-resonance imaging, gall bladder surgery and other services on a state website in an effort to give patients information they need to shop for more affordable options. The disclosures have helped lower costs—though not by large amounts—and only a minority of residents are taking advantage of them, according to health-care spending experts who have studied New Hampshire’s experience.

The problem with health care price transparency: We don’t have cost transparency

Price transparency is the wrong goal for the free-market health care structure we have in the U.S. Instead, consumers need to know not so much the price, but the costs of things.

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