Re:Towns want Verizon investigated for abandoning networks t...
by refurb on Friday December 04, 2015 @05:47PM
(#10679739)
I think the point is that there are already hospitals that have those kind of price differentials.
Most expensive brain MRI is $5,560. Least expensive $218. Both in NYC.
Most people can access out of network providers. If you're paying 10% in-network, the $5,560 MRI is $556. If you're paying 50% out-of-network, the $218 MRI is $109.
The problem is price transparency and aligned incentives to take advantage of different prices.
Most expensive brain MRI is $5,560. Least expensive $218. Both in NYC.
Most people can access out of network providers. If you're paying 10% in-network, the $5,560 MRI is $556. If you're paying 50% out-of-network, the $218 MRI is $109.
The problem is price transparency and aligned incentives to take advantage of different prices.