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The Need for a Comprehensive, Current, and Market-Representative Health Care Cost Benchmark
Health Affairs Link to more items from this source
[Opinion]
Oct. 7, 2014

"A recent [article] posited an interesting solution to ever-increasing health care costs, suggesting that imposing price caps on all medical services, equal to 125 percent of the Medicare payment, would serve to eliminate wide variations in quoted prices for health care services.... Medicare does not assign a value to all codes; a separate system would be needed to price services not addressed by Medicare's fee schedule. Also, Medicare's reimbursement levels can be influenced by governmental imperatives and therefore may not be truly representative of market costs.... Procedures such as those already adopted in New York are far more likely to receive broad support than would a price cap."

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