Hospital price dispersion

By DAVID DRANOVE

A study by the Center for studying health system change, which frees Tolday shows that hospitals different prices for the treatment of the same diseases erhalten.Center President Paul Ginsburg says that the disclosure:

"Variation in hospital pricing found (sic) are incompatible in this study with competitive markets - at least for markets outside health care," said HSC President Paul B. Ginsburg, Ph.d.;

Hospital markets may not hard-fought, but this argument is silly. "("One could also say "Is (not) the variation in automobile prices" are") with highly competitive markets incompatible." But it would be wrong in both cases.

Vertical quality differentiation (i.e., some vendors are better than others) generated in competitive price dispersion. It is only in the most basic treatment of competition - in the first week of the intro economics course, vertical differentiation is ignored. Observed price dispersion is not incompatible with competition.

In addition it is severity dispersion within Diagnostics (such as some hospitals get the sickest patients within DRGs). Medicare ignored this when the prices set. But private insurers need not ignore this and can calibrate prices accordingly.Hospitals can get higher prices getting sicker patients.Also, this is not incompatible with competition.

So, what have we learned from this study? the different hospitals have different prices?We see price dispersion for authors and for dry cleaning and electric pencil sharpeners, for crying out loud.This is not news, and there are no political implications that that drawn from the study werden.Aber is health care, so I cover in the New York will this trial times, predict even if it fails, say anything we don't already know.

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8 Hospital secrets you need to know

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Mainstreet.com offers a few key facts about hospitals, you before check-in, you should understand:

Stay healthy in July

July is the most dangerous month hospital for besuchen.Das is the month when students do graduate of medical school and residences in teaching hospitals begin.Deaths due to of hospital medication error spike by 10 percent in July.

Hospital waiting times

Hospitals have terrible waiting times seen actually endangers patients patients can be., which must within 14 minutes arrival finally more than twice as long to wait.

The rise of bedsores

In recent years the number of hospital patients suffering bedsores clear increases to you to avoid, questions has your doctor or who accompanied you ensure you change positions every few hours keep clean your skin and support with Pillow, to relieve the pressure.

Risk of infections

There are 1.7 million case hospital infections every year and 99.000 deaths associated with these infections.

Medical identity theft

Have 1.5 million Americans had that your personal information stolen, so that, if someone else can use your health care, your cost to decken.Im moment are hospitals struggling with this problem deal.

Invoices may be negotiable

Most Americans victims was the hospital bill shock at some point, but it is important to remember that sometimes negotiable sind.Einige have hospitals these bills, the price drop is known by one third or more.

Hospitals scan your credit reports

Some hospitals have the controversial practice look at patients of credit scores, credit card limits and even 401 (k) information übernommen.Bedenken privacy among consumers has raised interest groups.

You get to know your anesthesiologist

An inept anesthesiologist can for a patient, including death at worst serious harm verursachen.Es is request to interview anesthesiologist prior to your procedure, best so you confident that you can always feel the best care.
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