Live data from Hacker News

Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

medtechdive.com

121–130 of 283 posts

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#121

Earlier quoted context omitted.

They will outright REFUSE to give you a quote...forget out-of-network, even IN network?! This is so astonishing cause you would assume they have NEGOTIATED the rate given its in network so there is little variability in what can be charged by the doctor and what can be thrust upon the customer. ex. if you charge $100K more than other in-network doctors, good luck, cause the insurance company is only paying the doctor…

They bill based on the procedures done and might not have that information until after the fact. I'm not saying it's a good way to do things. Opening a price list, it looks like one hospital charges ~$5000 for a knee replacement without major complications, and then the matching price for one with complications is $30000. So how do they quote that when the complications can be unpredictable? Which of course just says…

Our local hospital tried to quote us for a routine fertility related procedure because we thought insurance wouldn't cover it. It took several hours on the phone before they figured it out. Day of the procedure they told us they forgot to factor something in and they gave us the wrong price.

They said it was fine though because insurance would actually cover it.

But they were wrong on that account too.

In comparison, the actual fertility clinic we went to was upfront and told us the price of everything ahead of time.

Everytime I've had to deal with a hospital the billing experience has been a nightmare. Fuck hospitals.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#122

I was once told by a pharmacy tech that they couldn't tell me the price of a vaccine until after I got it.

When I take a prescription from my Kaiser doctor, covered by my Kaiser insurance, to the Kaiser pharmacy, and ask them how much it will cost they cannot tell me. This is completely ridiculous.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#123
post #2

Only in US that we don’t know the price of the health service we are redeeming. When I go get my car fix and I would go around to get an estimate for multiple body shop even if it is under insurance. But when it come to health care, you ask them for a cash price, they said they don’t know.

Only in the US among developing countries do you care.

My experience getting a COVID vaccination was eye opening. I walked into a large facility, provided ID, was asked screening questions, consulted with a provider about a medical issue and got the shot.

I work for an employer with a legacy PPO. I suffered a back injury, had a major surgery and 8 weeks of physical rehab. My out of pocket was a few hundred bucks. I didn’t lose a days pay because of sick leave at half pay and short term disability insurance. The people I was in rehab with were losing jobs, selling cars, facing complete ruin.

The lack of ethical standards and focus on profit over the general welfare of the people is gross.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#124
post #9

I thought "free markets" where supposed to facilitate fair value discovery?

It does for less regulated markets, which is why you get those promotional mailers with promotional prices on LASIC or teeth whitening. Medical lobby benefits from high barriers to entry, suppressed competition (from foreign doctors or medical tourism companies able to fly their customers abroad) and opaque pricing. Uninformed consumer forced to shop locally is rarely able to extract best pricing. You can look at the…

Ah another believer in infinite wisdom of free markets without regulation.

This is a true believer, few people suggest we need no regulation in healthcare.

How far are you willing to go, should we remove fire safety and return to the fun days where entire cities burned down like in the great fire of london.

Should we deregulate the nuclear industry and let the market decide which reactor design is best and who should be allowed to enrich uranium

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#125
The U.S. healthcare system cannot be fixed. Period. Full-stop. The only solution is to nuke it from orbit, pave it over, and start again. It's very easy to point the finger at the conservative party as the one who's screwed it all up, but the other parties are not really putting forward models for successful healthcare systems.

If one were to sit down and try to create the most absurd approach to healthcare that guaranteed high cost and poor outcomes you couldn't come up with the idiocy that our system has become. It's completely untenable, a failure at every single level from medical school to funeral services. The fact that there are so many smart people working in healthcare defies belief in the absolute fucking disaster it is.

Even in the interaction between health providers and insurance companies, the billing practices have moved so far beyond fraud and are so widespread that nobody can even comprehend or describe how fucking broken just that one part of it is.

Without getting into details, the healthcare industry is absolutely mortified of a law that requires them to provide patients expected costs before care and to publicize those cost for comparison. I can't believe that some startup hasn't glassdoored billing practices yet by patients simply uploading screenshots of their bills when they get them.

note we just went through a bizarre medical experience where surgery was billed out at a total of something like $70k, the "negotiated" price was more like $7k, and we payed out of pocket something like $700.

At one point the insurance company turned down the bill from the surgeon, who promptly simply submitted a bill from a "surgical assistant" who we never met or knew existed for the exact same dollar amount which was also denied, and then resubmitted the original bill which was approved and promptly "negotiated" to 10% of the original bill amount in the end. In the meanwhile we had absolutely no idea if we owed $30k for this bill, $30, $300, or $300k. No idea at all.

It beggars belief that congress, who is mostly made up of people who are obviously experiencing their own medical journeys, can't put together some easily bipartisan approaches to price visibility.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#126
post #11

The US healthcare system is just a completely broken mess. When things go smooth, you are lucky! However, when you have a major procedure, life event or sickness things can get messy quick. We had a child 10 months ago, billing was screwed up by the hospital, then by insurance and we are still in process of getting it resolved. I have now spent at least 8 hours on the phone. I had a surgery, called insurance and veri…

I have good insurance through a major company. My SO tripped, and hit their head on a curb on a busy road. I wasn't there, but by happenstance an EMT was there, witnessed the event, and came to offer aid. The EMT was concerned enough my SO ended up going to the hospital. Several scans, and a few hours later, my SO was discharged. I then got to spend something like 30 hours on the phone over the course of a couple of…

I went to an optician for a routine eye test, and they detected something severely wrong with the appearance of my retina and called an ambulance thinking I had a brain aneurysm.

Several hours and CT scans later, I was informed my brain was fine and I just have a strange retina, and will need annual follow up.

I've been sent a letter every year since, inviting me back to the hospital, and every year they tell me it's still fine.

So far I've paid £25 for the eye test (which I completed at a later date!) as I do not get my eye-tests subsidied by the NHS. However my employer reimbursed me for that too...

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#127

Earlier quoted context omitted.

The providers should get paid every month that you’re in excellent health. Imagine how many cheap cures we would “suddenly discover”.

That would lead to a model where healthcare spending is directed to attracting healthy patients and refusing unhealthy patients.

No, you’re right.

Capitalism makes this a really difficult problem, even if we’re just doing hypothetical scenarios.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#128
post #44
post #9

I thought "free markets" where supposed to facilitate fair value discovery?

Healthcare is an inelastic demand service. Also a free market requires an informed buyer. Lack of price transparency coupled with inelastic demand makes it highly resistant to traditional market forces. You've got other forces working on it like high barrier to entry to be a healthcare service provider, high upfront costs for equipment, very heavy (expensive) regulation, higher likelihood of legal costs, etc. It's li…

You are absolutely correct. Healthcare drives towards monopoly for the very reasons you describe.

Re: Hospitals lift curtain on prices, reveals giant swings for hips, knees and more

#130
post #80

Earlier quoted context omitted.

The mess is by design. Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’ https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patie... >

The providers should get paid every month that you’re in excellent health. Imagine how many cheap cures we would “suddenly discover”.

There are payment models like this in use already. Look into capitation and accountable care organizations.
Post reply on HN