Thursday, October 09, 2014

Knowing the cost of a medical procedure before you get the bill

Massachusetts has taken the first step in providing costs of medical services to we mere human beings. It recently passed a law requiring that insurers offer real-time prices for those with private health insurance. The law is not perfect:
  • Prices are not standard
  • Posted prices may or may not include all charges
  • Prices seem to change frequently.
  • There is no standard list of priced tests and procedures
  • The quality information is weak
  • There are very few prices for inpatient care.
But it is a first step.

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