Hospital Execs from the University of Pittsburgh Medical Center and the University of Michigan Hospital Have 4 Confessions:
1) Fee-for-Services Motivates Hospitals to Increase Costs
2) Medicare and Commercial Insurance Companies Have Not Changed the Dominant Fee-for-Service Motivation with ‘Value-Based’ Payments
3) Hospital Prices Have NO Connection to the Underlying Cost of a Test or Procedure
4) Most Hospitals Don’t Even Know What the Underlying Test or Procedure Cost Is in the First Place
Sources (the original YouTube video has been taken down, but it remains on Vimeo at this link):
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