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Hell, even transparent pricing would reduce moral hazard significantly. Most patients have no idea what a procedure costs until they get billed.
by hx87 10y ago
Hell, even transparent pricing would reduce moral hazard significantly. Most patients have no idea what a procedure costs until they get billed.
- devonkim 10y agoEven worse, many doctors don't even know what a procedure costs to a patient due to the maze of bureaucracy both necessary and unnecessary in many healthcare facilities.
- dionidium 10y agoThe doctors don't know either! Have you ever tried to talk to your doctor about how much something costs? You'll just be told to talk to the front desk.
- gherkin0 10y agoAnd all you'll get from the front desk is the hyper-inflated "list price" (for the uninsured). If you have insurance, your (insurance negotiated) price is treated as Top Secret confidential information until you're actually billed. Neither the hospital nor the insurance company will disclose it to you in advance. I have a HSA, and I've had to get stitches twice (two on a cut finger both times): one time it cost $400, the second time $1200 (same city, but different hospital and insurance). Outraged at the second price, I tried to figure out which hospital would be cheapest with my current insurance, and utterly failed.