This is an example of how cloudy the waters of the medical market are. It is not a true free market because of the lack of definition. If there was transparency in pricing for medical procedures, a true free market would create competition between physicians and make prices more reasonable.
At MediBid, the free market lives! With transparent pricing and direct contact with physicians, patients can “shop” for the physician of their choice and can choose one without the fear of “sticker shock” after the procedure.
The price of an appendix removal? Study shows huge sticker shock
April 24, 2012 12:00 am By Lindsey Tanner / The Associated Press
CHICAGO — What do hospitals charge to remove an appendix? The startling answer is that it could be the same as the price of a refrigerator — or a house.
It’s a common, straightforward operation, so you might expect charges to be similar no matter where the surgery takes place. Yet a California study found huge disparities in patients’ bills — $1,500 to $180,000, with an average of $33,000. The researchers and other experts say the results aren’t unique to California and illustrate a broken system.
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