November 19, 2008 3:46 AM Subscribe
The invisible hand of the Free Market guides insurance payments to hospitals
"Call it the best-kept secret in Massachusetts medicine: Health insurance companies pay a handful of hospitals far more for the same work even when there is no evidence that the higher-priced care produces healthier patients. In fact, sometimes the opposite is true: Massachusetts General Hospital, for example, earns 15 percent more than Beth Israel Deaconess Medical Center for treating heart-failure patients even though government figures show that Beth Israel has for years reported lower patient death rates."
posted by Kirth Gerson (29 comments total)
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