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Mal Allison

Medical-Price Inflation Is at Slowest Pace in 50 Years - WSJ.com - 0 views

  • "Fifteen years ago, pricing was not as important…[but] when the co-pay is coming out of a patient's pocket, they more often want to know what they're paying," said Moshir Jacob, medical director at the Toledo Clinic. The Ohio practice advertises that it offers lower prices than area hospita
  • Others doubt there has been a structural change. "We haven't done anything in the past three or four years that fundamentally altered the health-care system," said Gerard Anderson of Johns Hopkins University, who was the lead author of the "It's the Prices, Stupid" paper a decade ago. "And everything in Obamacare that tried to control cost was watered down."
  • The system now offers members a choice: Have your procedure at one of 51 hospitals that agreed to limit what they charge, or have the surgery elsewhere and pay any expenses above $30,000 out of pocket.
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  • In the program's first year, the cost per surgery declined 19%, and patient outcomes were as good or better, according to Calpers. "It gets to the myth that high prices equate to better quality," said Ann Boynton of Calpers. "In some cases, it's just the opposite."
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