The Miracles Wrought by Price Transparency
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  • Jim__L

    “cherry-picking the healthiest and wealthiest patients”

    Healthy, I understand. But how does cherry-picking the wealthiest patients reduce costs?

    Good for Surgery Center Oklahoma! Spreading this out over the rest of the country could have the huge positive impact we need, putting ObamaCare to shame.

    • dawadu

      The only way picking the wealthiest could be cherry picking is that even at reduced prices you could have patients who don’t pay if you select them w/o considering income.

      • Jim__L

        So, patients who don’t pay drive up prices for patients who do? Plausible. I wonder how much effect that really has.

        • dawadu

          Yes people who don’t pay do drive up the cost for those who do, only if the hospital/physician couldn’t find other ways to cover the dollar amount of the services provided.
          As to how much of an effect this has, in my opinion it is a factor but I don’t know how big a factor it really is.

  • rheddles

    Hmm. Seems a lot like the kind of attitude that needs to hit that other sinecure of government subsidy and protection, education.

  • Nick Bidler

    Would that other hospitals would follow their example!

    On the other hand, ‘other hospitals’ are probably the ones that charge the $16k and don’t want to publicize it.

    On the OTHER other hand, if enough hospitals post prices, the ones that don’t will be treated as ‘pleading the fifth,’ suspicious but not necessarily incriminating.

    On the Other Other Other hand, this bidding war would lead to misleading prices and ‘hidden fees,’ but would be better than the total opacity that is currently in effect.

  • ojfl

    Excellent news. When health reform was being debated some of us said that the best way for cost control was to introduce competition and economies of scale. Articles such as these prove we were right.

  • Splashman

    Mr. Mead, you reported that “according to a local Oklahoma news station”, a breast biopsy at Surgery Center of Oklahoma costs $3500. I’m no tech genius, but it took me all of 30 seconds to google “Surgery Center Oklahoma”, find their website, click the “pricing” tab, select the “breast” category, and scroll down to “mass excision/biopsy” which is listed at $2365.00 (32.5% less than $3500).

    When reading blogs, I’m always looking for evidence of credibility (or the converse). Regardless of the exact details in this case, it is disappointing that for an article mostly centered on the Surgery Center of Oklahoma, you would rather rely on a potentially erroneous 3rd-party link than do 30 seconds of research and link to the original source.

    A reminder: this isn’t 1970.

  • Splashman

    My sister just had an appendectomy. It hadn’t ruptured, and there were no complications. She was in the hospital for 26 hours, most of which was waiting for the surgeon. The hospital’s bill: just over $36,000. And that doesn’t include fees for the surgeon or anesthesiologist — she doesn’t even know yet how much those will be.

    She’s a cash patient, so it’s likely she’ll be able to talk the prices down, but what a stupid system. All thanks go to our well-meaning but tragically misguided government.

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