Tuesday, August 6, 2013

What drives the cost of joint replacements in the U.S.? : opinion of the New York Times

The cost of artificial joint replacements was the topic of a recent article in the New York Times.
While there can be much discussion about each of the points made, such as 'sticky pricing', the article is definitely worth a read.

In the spirit of making health care affordable for individuals and for the United States, all involved need to assure that the costs of implants, which comprise so much of the cost of having a joint replacement surgery, are appropriate. As the article points out, when an implant is established, the costs of its development should be recovered in a reasonable period of time and the price should fall. This does not seem to be happening.

Read and ponder.

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