Originally published on Wed February 19, 2014 5:37 am
Some states are trying to make health care prices available to the public by collecting receipts from those who pay the bills: Medicare, Medicaid and private insurers. Some states' efforts to make these prices available are in jeopardy.
Coffee is important to many of us, but let's say your coffee maker breaks. Finding a new one is as easy as typing "shop coffee maker" into your browser. Voila — you've got models, prices and customer reviews at your fingertips.
But say you need something less fun than a coffee maker — like a colonoscopy. Shopping for one of those is a lot harder. Actual prices for the procedure are almost impossible to find, and Bob Kershner says there's huge variation in cost from one clinic to the next.
Back in 2006, President Bush and Health and Human Services Secretary Michael Leavitt talked with reporters during a trip to Florida, where Bush spoke to volunteers helping seniors sign up for the Medicare prescription drug benefit.
Beginning July 1, Medicare is switching to competitive bidding in some markets. The move will drive down the costs of commonly used medical equipment like wheelchairs – and save taxpayers and patients billions of dollars.
Credit Flip Schulke / U.S. National Archives
Beginning July 1, Colorado patients will start saving hundreds and even thousands of dollars on medical equipment because, after a 10-year delay, Medicare is switching to competitive bidding in the Denver and Colorado Springs metro areas.