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Data show price disparity for medical procedures

Information released to help patients make informed decisions

9:07 PM, May 8, 2013
Dr. James Van Horne, right, is assisted by Dr. Robert Gentry during a knee replacement surgery in February 2005 in Grants Pass, Ore. The federal Centers for Medicare and Medicaid Services released data Wednesday showing the differences in costs for 100 medical procedures, from surgery to poisoning treatment.
Dr. James Van Horne, right, is assisted by Dr. Robert Gentry during a knee replacement surgery in February 2005 in Grants Pass, Ore. The federal Centers for Medicare and Medicaid Services released data Wednesday showing the differences in costs for 100 medical procedures, from surgery to poisoning treatment.
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Hospitals will now be required to tell patients how much they charge for procedures, a move federal officials said Wednesday should spark competition and lower costs.

The federal Centers for Medicare and Medicaid Services released data Wednesday showing the differences in costs for 100 medical procedures, from surgery to poisoning treatment. The data show a wide disparity in costs, even for hospitals located near each other.

"Currently, consumers don't know what a hospital is charging them or their insurance company for a given procedure, like a knee replacement, or how much of a price ...

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