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New Data Show Price Differences for Health Procedures
WASHINGTON — Hospitals will now be required to tell patients how much they charge for procedures, a move federal officials said Wednesday should spark competition and lower costs.
The federal Centers for Medicare and Medicaid Services released data Wednesday showing the differences in costs for 100 medical procedures, from surgery to poisoning treatment. The data show a wide disparity in costs, even for hospitals located near each other.
"Currently, consumers don't know what a hospital is charging them or their insurance company for a given procedure, like a knee replacement, or how much of a price difference there is at different hospitals, even within the same city," said Health and Human Services Secretary Kathleen Sebelius said. "This data and new data centers will help fill that gap."
Read the full story here: http://usat.ly/143OYdT
Source: USA Today
Managed Care Reflections: A Q&A With Ge Bai, PhD, CPA
October 2nd 2025To mark the 30th anniversary of The American Journal of Managed Care, each issue in 2025 includes a special feature: reflections from a thought leader on what has changed—and what has not—over the past 3 decades and what’s next for managed care. The October issue features a conversation with Ge Bai, PhD, CPA, professor of accounting at Johns Hopkins Carey Business School and professor of health policy and management at Johns Hopkins Bloomberg School of Public Health in Baltimore, Maryland.
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