That matters because Americans have spent decades paying into a system whose prices bear little relationship with each other because there's no market. It was completely arbitrary. We see this in the data. Hip replacement in Boston cost $17,900 at one hospital, and at a nearby hospital, it costs $74,000 for the exact same surgery. with the same Yelp reviews. Researchers have found MRI prices varying as much as ninefold within a single city. And one analysis found that 60% of insured negotiated hospital rates were higher than the hospital's own cash price. (05:21–05:36)
STATEMENT
Asserts that there is a significant price disparity for hip replacement surgeries in Boston.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
