We need to stop confusing charges with costs. If we want to affect what we pay for healthcare, relative to value, we need to talk about costs. If we are talking about consumers’ ability to price compare, average reimbursement is more relevant. Charges are made up numbers.
CMS is touting this:
But are charges the right thing to focus on?
What each provider gets paid, their reimbursement, may be more relevant to most healthcare consumers. As a country, concerned about healthcare’s rising costs and its total percent of GDP, perhaps we should be asking providers to get clear and open about true costs.