General Discussion
In reply to the discussion: Obama administration quietly approves new Obamacare loophole benefiting insurance companies. [View all]Hoyt
(54,770 posts)to control prescription costs.
http://www.boston.com/lifestyle/health/health_stew/2013/06/maybe_controlling_medical_prices_will_not_be_so_hard.mobile.html
Of course, it takes some consumer education, cooperation from docs and facilities, etc. It also takes employers ensuring the reference price is available. If Johns Hopkins charges twice as much for a routine hernia operation, I see no reason to pay more than what other quality facilities are willing to charge.
Reference Pricing - assuming all the above - gives the patient a choice of getting some coverage by going to what is essentially a non-preferred provider for the procedure, or getting full coverage by going to a "preferred" provider. The alternative is ever increasing premiums because provider prices and usage of higher priced providers goes up.
And yes, I can see some negatives. But we have to get control of costs - like Canada and Europe - if we expect a decent health care system.
I don't think this is the conspiracy theory some will make it. Canada and Europe know something about running health systems.