Health care cost inflation is waking back up. That's drawing attention to another pricing concern: the fact that care prices can vary dramatically from state to state, city to city and even block to block within the same city. FAIR Health, a health care price data sharing consortium, publishes a monthly indicator that benefits brokers, managers and others can use to get a bird's eye look at pricing variations: the median cost of an in-network birth, by cesarean section, in each state. We used cesarean section births in an effort to filter out some of the cost variation that's due simply to health differences. In theory, if health care providers are using similar methods to decide whether to order a C-section, the patients involved in each state might be facing roughly comparable birthing challenges. The median cost of an in-network C-section in the FAIR Health data is $15,750. At the state level, the median cost ranges from $10,124, in Louisiana, up to $26,876, in one East Coast state known for its high cost of living and personal injury attorney billboards. For a look at the 10 states with the highest median cost for a C-Section, see the gallery above. Credit: Pete Souza/White House
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Allianz Life Insurance Company of North America and Allianz Life Financial Services LLC
Can Systematic Risk Be Reduced?