Interesting article in the Wall Street Journal that looks at the actual cost of surgery and how hospital administrators of one hospital had no real idea what it cost to perform the surgery. Hospitals are often ignorant about their actual costs, often increasing prices to meet profit targets. Patients, especially those with insurance, often don’t know the price of a procedure and rarely shop around. The price we pay for health care often has little connection to what it actually costs.
Read more:
- The Wall Street Journal: https://www.wsj.com/articles/what-does-knee-surgery-cost-few-know-and-thats-a-problem-1534865358