Hospital creates bidding war by posting pricing online
One thing to keep in mind is that there's more to good medical care than a fair price:Post-op infection rate - do all clinical employees regularly wash their hands before and after each patient encounter?Re-admission rate - does the institution or surgeon do enough cases of a particular procedure to be proficient?Error Rate - Are pre-op checklists ALWAYS used?Post-op care - Are supportive therapies like Physiotherapy available?It bugs me to see medical interventions treated like a commodity, these "products" don't always follow generally accepted market principles - a price cut in colonoscopies will not significantly increase demand.