Gundersen Health System charged about $50,000 for knee-replacement surgery and yet had no idea what it actually cost. Then it investigated.https://on.wsj.com/2MJtMto
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Why, thats easy. It's not their money .
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Great story. I know what knee surgeries cost. I have a tool that shows what charges are at hospitals, private practices, surgery centers, imaging centers nationwide.
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Providers and health plans are only going to scrutinize and reduce costs when they are forced to do so, unfortunately. That's what the CMS's mandatory bundled payment program for joint replacements forced providers to do, and it worked.http://www.modernhealthcare.com/article/20171026/NEWS/171029904 …
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Have I got a story for you about a hospital n many violations you want the story DM me.
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i dont cnow why you are paying so much
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The obscenity that is the US Healthcare business!
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*sigh* Say the cement costs $100 name brand, $50 generic. Your hospital exec wants a 50% markup. He gets $50 markup on the name brand, $25 on generic. Since he's part of a local, secretive monopoly, he gets to charge $150, not of $75, b/c on one's pushing him on price. Any ?'s?
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And that doesn't even focus on the fact he just got away w/ 50% mark-up. If he had to compete (or subject the hospital to gov't price oversight to keep monopoly), he's getting $75 either way, and you're damn sure he's yipping at employees to keep costs low.
End of conversation
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The entire medical industry is in bed with each other. They should be the checks and balances of one another, instead Hospitals, Insurance Companies & Medical Manufacturing let each other charge w/e the hell they want... Bleeding the people dry...
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