More evidence health care marketplace is no marketplace

by Ryan Streeter on March 14, 2013. Follow Ryan on Twitter.

Across the country, a number of cities see four-fold variation in how much providers charge for the same procedure…[T]he costs for some of the most common tests can vary by as much as seven-fold.

Anyone who has an HSA, as I do, has experienced this first hand. If you can get a clear answer from a health care provider on how much a procedure costs (big “if” in my experience), you’ll find it can vary wildly from another provider just down the street.

The excerpt above is from an interesting WP article on Castlight, which seeks to bring market forces to bear on health care prices by making transparency central to how things work.