Thursday, April 18, 2013

Want to cut health costs? Show doctors a price tag.

Want to cut health costs? Show doctors a price tag.:

It's the little things... the big things help too but don't underestimate the impact of small steps like this.

"Keep in mind, nothing changed for the doctors. The hospital would not penalize them for ordering more expensive tests; the costs would just get billed to the insurance provider. Still, the simple display of information suggests that “physicians can act in a cost-conscious manner even without direct incentives.”"