The prices paid in Minnesota for several common surgical procedures vary dramatically depending on the hospital where the operation occurs, a completely new report has found.
in addition to in which finding could lead some employers in in which state to start creating improvements to how much they are willing to pay for those services — in addition to where their insured employees can contain the procedures done with coverage.
A total knee replacement operation, for example, can cost as low as around $6,0 in one Minnesota hospital — yet as much as nearly $47,000 in another, according to the analysis.
in which higher cost can be almost eight times greater than the lowest cost.
in addition to a cesarean section delivery of a baby can cost almost all 5 times more at the highest priced hospital, $22,831, than in which does at the lowest-priced hospital, $4,693.
For a traditional delivery, the highest cost identified inside report was $12,303, or more than four times the lowest cost, or $2,872.
For a total hip replacement, the highest cost at a Minnesota hospital was $38,409, more than all 5 times the lowest cost of $6,666.
The report, issued by the Minnesota Department of Health, can be based on claims data for procedures paid for by job-based insurance plans. A group of employers inside state collaborated with the health department for the report.
“This particular can be eye-opening information for the purchasers of health care,” said Carolyn Pare, president in addition to CEO of the Minnesota Health Action Group, which can be comprised of both public in addition to private purchasers of health insurance.
“Employers have long suspected in which there can be a great deal of variation in both the quality in addition to the cost of health care, yet to be able to see the actual numbers provides them an opportunity to make better purchasing decisions,” Pare said.
State health economist Stefan Gildemeister said the report, the first in a planned series on hospital procedure prices, could help health-care markets work more effectively by increasing transparency.
“By some estimates, pricing failures coming from the lack of transparent information on health-care costs contribute more than 14 percent to waste or inefficiency in today’s health-care spending,” Gildemeister said.
“We expect This particular in addition to some other upcoming analyses on cost variation in Minnesota can provide value to individuals in addition to employers, in addition to contribute to discussions about sustainability in health-care spending growth.”