Concealing Costs
Concealing Costs
Doctors Know as Little as Consumers about Health Care Prices

A new survey in Health Affairs that found a group of 503 surgeons were only able to guess the cost of implantable medical devices 21 percent of the time. This is especially relevant because a lot of health care reforms place their hope in the ability of providers to economize on care on behalf of the patient—many reform ideas include incentives designed to encourage doctors to pass on savings to the patients. But if the doctors themselves don’t know the costs involved, they can’t be expected to make good decisions about price/quality tradeoffs.

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