Navigation Links
Government Data on Extreme Medicare Health Care Price Discrepancies Only Part of the Picture for Most Americans
Date:5/9/2013

SAN FRANCISCO (PRWEB) May 09, 2013

Today, the federal government released in-depth Medicare provider charge data for the 100 most common inpatient procedures conducted at hospitals across America. Available for the first time, the information highlights the extreme price discrepancies that can occur for the exact same procedure, in the same region, as well as the need for better health care transparency.

In regards to the data, Giovanni Colella, M.D., co-founder and CEO of leading Health Care Transparency provider Castlight Health, added:

“We applaud Medicare for making this very important and useful data widely available. Today’s release of Medicare price comparison data for common hospital procedures is a significant first step in addressing the health care cost crisis. This will expose many people, for the first time, to the significant price variation that exists between providers, even within a single geography. The Health and Human Services (HHS) data will also push the hospitals and other providers to rationalize the prices they charge.

“As a next step to improve health care and lower costs for individuals and businesses, transparency needs to encompass both price and quality of care information across health care services. Additionally, the 60 percent of Americans who have private health insurance often pay over 30 percent more than the Medicare prices, impacting both individuals through their out-of-pocket costs and lowered salaries and their employers who pay the majority of the bills. Consumers need access to the actual prices they pay for health care, coupled with quality metrics on providers, so they can make informed decisions. In almost every other market in America, purchase decisions are driven by an understanding of price and quality; it’s time for the same in health care.”

The HHS statement regarding the data can be found here, and a full list of prices can be found on the Centers for Medicare & Medicaid Services (CMS) website.

For more information or to speak to Castlight about the data and the future of the health care in America, contact Joan Levy at jlevy(at)blancandotus(dot)com or 415.856.5110

About Castlight Health
Castlight Health enables employers, their employees, and health plans to take control of health care costs and improve care. Named #1 on The Wall Street Journal’s list of “The Top 50 Venture-Backed Companies” for 2011 and one of Dow Jones’ 50 Most Investment-Worthy Technology Start-Ups, Castlight Health helps the country’s self-insured employers and health plans empower consumers to shop for health care. Castlight Health is headquartered in San Francisco and backed by prominent investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome Trust and two unnamed mutual funds. For more information, please visit our web site at http://www.castlighthealth.com or call (415) 829-1400.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10719017.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Hospitals Take Flight Lessons from Pilots to Avoid Government Penalties
2. Asia-Pacific Seasonal Influenza Vaccine Market to 2018 - Positive Impact of Government Support Offset by Limited Production Capacity : MarketResearchReports.biz
3. NResort Jamaica and Go Classy Tours Sponsors AANR Government Affairs Benefit to Help Raise Support for People Interested in Nude Sunbathing and Nudist Activities
4. Mistrust of government often deters older adults from HIV testing
5. Guyana government and Panthera sign historic jaguar conservation agreement
6. SFU materials and particle science attract government funding
7. People with diabetes in Ontario getting fewer government-funded eye exams, new study finds
8. Government Mandates Could Cost Employers Huge Penalties
9. NJ Accident Lawyers at Console & Hollawell React to New Motorcycle Crash Data from the U.S. Government Accountability Office
10. Federal government renews contract for collecting and maintaining national stem cell transplantation database
11. Government can play important role in obesity epidemic
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... On May 23rd during the ... Life Science® and international water advocate, was honored by Ashram, Inc. as the world’s ... Egypt who knelt on the banks of the Nile to fill their red clay ...
(Date:5/26/2016)... ... May 26, 2016 , ... The introduction of our professional athletes ... YOUR HEAD ™”. , “We are proud to introduce Meghan Klingenberg, defender ... we have Brian Quick, wide receiver for Los Angeles who was a second round ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... Morrow-Fox . With over 20 years of experience in leading technology and human ... several years of university teaching, Morrow-Fox will be featured on Metcalf’s VoiceAmerica ...
(Date:5/26/2016)... New York, NY (PRWEB) , ... May 26, 2016 , ... ... never have lips been so central to popular cosmetic improvement efforts. Record numbers of ... their kissers appear more prominent or pouty, says Kally Papantoniou, MD, of Advanced ...
(Date:5/26/2016)... ... May 26, 2016 , ... ... is happy to announce the launch of its brand equity product, Brandvantage. ... to reflect the dynamic landscape of modern consumer decision-making. The proprietary framework ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... 25,2016 FDA 510(k) clearance ... platform for urological and surgical applications ... of Cellvizio®, the multidisciplinary confocal laser endomicroscopy (CLE) ... the US with the 12 th 510(k) ... (FDA). This new FDA clearance covers Confocal Miniprobes ...
(Date:5/25/2016)... May 25, 2016  According to Kalorama Information, the ... in 2015.  Though these are challenging times in ... for success for companies that remain optimistic and ... new growth prospects medical device companies spend a ... development (R&D) than do companies in other industries.  ...
(Date:5/25/2016)... -- MedDay, a biotechnology company focused on the ... entitled "High doses of biotin in progressive multiple sclerosis: extension ... Professor Ayman Tourbah , Principal Investigator of the Phase ... of Neurology (EAN) in Copenhagen, Denmark . ... place on Sunday, 29 May 2016 from 14:45 to 16:15 ...
Breaking Medicine Technology: