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New Online Tool Shows Cost Differences for Surgical Procedures

Posted on Friday, November 30, 2018 2:13 PM

CMS launched a new online tool that allows customers to compare Medicare payments and copayments for certain procedures performed in either a hospital outpatient department or an ambulatory surgical center.  The new tool displays the national average Medicare pays for the procedure, the average Medicare copayment and the cost for someone without Medicare.

“Price transparency in health care is a priority for the Trump Administration. Working with their clinicians, the Procedure Price Lookup will help patients with Medicare consider potential cost differences when choosing where to have a medical procedure that best meets their needs.  The different payment rates are a prime example of Medicare’s misaligned financial incentives, under which providers can make more money if they see patients at one location as opposed to another,”” said CMS Administrator Seema Verma.

Click here for the press release.

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