Prostate-cancer surgery prices vary widely

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the ONA take:

A study from the University of Iowa examined the charge for prostate cancer surgery at 100 hospital all over the United States, and the results showed widely different prices. The cost for a similar procedure varied from $10,100 to as high as $135,000 depending on the hospital, researchers found. Only ten percent of the hospitals queried provided anesthesia or surgeon costs, which are vital in determining the full price for a surgical procedure. A lesser percentage, only 3%, provided a hard copy of the procedure charges.

Per government records, approximately 138,000 prostate cancer surgeries are performed each year in the United States, and prostate disease accounts for nearly 12 billion dollars in treatment costs, so more transparency in pricing would be beneficial and ease patient concerns. 

Bradley Erickson, corresponding author on the study, blames some of the price variances and misinformation on prices that are purposefully inflated by hospitals as part of reimbursement negotiation with the health insurance provider. Charging a higher amount can mean a larger reimbursement, so hospitals tend to inflate prices as a matter of course, and such procedure estimate to not necessarily represent the actual cost of reimbursement or what a patient might pay.

Prostate-cancer surgery prices vary widely
Prostate-cancer surgery prices vary widely
Let's say you're buying a car. A new study from the University of Iowa compared the cost of prostate cancer surgery at 100 hospitals throughout the United States. (The average price was nearly $35,000, more than double the Medicare reimbursement.) Only 10 of the hospitals that provided cost information divulged anesthesia and surgeon costs, key criteria to consider when pricing a surgical procedure.
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