Sunday, December 4, 2011

How much does that Medical Procedure cost ?

In healthcare, Market mechanisms work very, very poorly. Most of us have only a rough idea what our healthcare costs. We have no idea if a price is a reasonable price. We cannot objectively evaluate the quality of the care we are receiving. There is no "consumer reports" of healthcare.

Dr. Leslie Ramirez is trying to fill the information gaps with a medical procedure price list called Leslie's List. Leslie's list is price list of many common procedure, tests, and drug prices. Her goal is to help people find more affordable healthcare.

A rival site is Healthcare Blue Book.

Here idea is so simple, I cannot understand why it has not been done before. The financial side of the healthcare industry must has some incredibly powerful incentives.

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