Expensive hospitals drop prices to compete for patients

When the California Public Employees' Retirement System capped the price of knee and hip replacements about 40 higher-priced hospitals in the state cut their surgery prices significantly to avoid losing patients, the Los Angeles Times reported. The more-expensive hospitals charged an average of $27,149 last year for the surgical procedures, down 37 percent from $43,308 in 2010. With CalPERS members shopping around for cheaper prices, the price change brought higher-priced hospitals more in line with the average $24,528 price tag of their less-expensive competitors. Article

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.