Thursday, June 09, 2005

More Exaggerated Hospital List Prices

The Opinion Journal (the on-line opinion site of the Wall Street Journal) has a long article about one family's experience in the UK and US health care systems. Of note, the author noted that the charges for 10 physical therapy sessions at Cornell University Hospital in New York City were $27,000. As the author said, "there is something seriously out of whack about 10 therapy sessions that cost more than month's worth of hospital bills in England."
These prices are comparable to the list prices that a Tenet hospital was charging for physical therapy in Florida, but are more than an order of magnitude (i.e., ten times) higher than prices quoted as reasonable by a leader of the American Physical Therapy Association (see previous post here).
So everybody still thinks the reason for rising US health care costs is a mystery?

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