Hospital prices vary widely for same procedures statewide – what’s a patient to do?
A new report on hospital costs by Hearst Connecticut shows widely different prices for the same procedure at hospitals statewide. And insurers are negotiating astoundingly varied prices for – say – a C-section or an hour of critical care. To a consumer, the hospitals would appear comparable in quality and are located just miles apart.
Certainly, shopping for healthcare is different from shopping for a toaster. The price is dependent on the type of insurance plan, and the billing codes are mind boggling. Yet, in a well-functioning, competitive market, such extreme variations in…
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