A new study published in the Archives of Internal Medicine shows the range of prices for a basic appendectomy in California ranging from $1,500 to more than $180,000. To say that this clearly illustrates a broken system is an understatement! Even the lead author of the study, Dr. Renee Hsia, said, "There's no method to the madness."
Other industrialized countries feature more government control so there is more consistent, and much lower, pricing on medical procedures. Unfortunately even Obamacare would have little effect on such a disparity in pricing.
The study examined 2009 data that hospitals were required to submit on 19,368 patients. Patients were 18 - 59 years old and only those with uncomplicated cases were included for fairness.
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