Up@dawn 2.0

Monday, August 5, 2013

In Need of a New Hip, but Priced Out of the U.S.

As an addicted daily walker and the owner of a pair of sporadically arthritic hips, a trip to Belgium may be in my future.
“We have the most expensive health care in the world, but it doesn’t necessarily mean it’s the best,” Mr. Shopenn said. “I’m kind of the poster child for that.”
As the United States struggles to rein in its growing $2.7 trillion health care bill, the cost of medical devices like joint implants, pacemakers and artificial urinary valves offers a cautionary tale. Like many medical products or procedures, they cost far more in the United States than in many other developed countries.
Makers of artificial implants — the biggest single cost of most joint replacement surgeries — have proved particularly adept at commanding inflated prices, according to health economists. Multiple intermediaries then mark up the charges. While Mr. Shopenn was offered an implant in the United States for $13,000, many privately insured patients are billed two to nearly three times that amount..." In Need of a New Hip, but Priced Out of the U.S. - NYTimes.com

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