Andy Larsen: Understanding health care costs — and why knowing what something costs isn’t enough

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Andy Larsen: “It turns out most Americans, like me, saw significant increases this year in their deductibles and/or out-of-pocket expenses as businesses tried to keep premiums equal.”

More information would help, but only 8 of 20 hospitals in Utah studied by a patient rights group were fully compliant with federal cost transparency rules.

I tell you this not to try to garner sympathy, but out of empathy for you all. It turns out most Americans, like me, saw significant increases this year in their deductibles and/or out-of-pocket expenses as businesses tried to keep premiums equal, according to. Mercer also expects even larger jumps moving forward.

from 2021, posted in one big Excel spreadsheet at the end of 2022. That sheet is huge — 141,000 rows — and really tough to use. Put simply, different hospitals bill the same procedure or set of procedures differently, making it really difficult to compare apples to apples.

 

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