We all know the cost discrepancies for the ‘same’ procedure can be so significantly different that you start to wonder if it really is the same procedure!
Washington state wants to create a database listing hundreds of medical procedures, what they cost at clinics and hospitals statewide, and information about the quality of the medical providers. One proposal goes a step further and wants to publish the insurance companies lower “allowed” rate, vs. the providers’ higher “billed” rate.
Washington State Hospital Association, Washington State Medical Association, Seattle Metropolitan Chamber of Commerce and the National Federation of Independent Business all testified in support of creating the database. Not surprisingly, Regence and Premera officials spoke against it.
The Affordable Care Act may have been the impetus, but I believe this would have eventually occurred anyway. And it should occur. We’re a consumer society. We know some meals, cars, hotels and clothes cost more than others, and we’re ok with that. I’d blame it on the internet or on the Millennials before Obamacare or your favorite republocratic party.