Hospitals cut some surgery prices after CalPERS caps reimbursements

June 24, 2013 1:39 PM

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Hospitals cut some surgery prices after CalPERS caps reimbursements

When the California Public Employees’ Retirement System told its Anthem Blue Cross members it would pay only up to $30,000 for a knee or hip replacement surgery, some patients shopped around for a cheaper hospital.

What may be more surprising is that about 40 higher-priced hospitals in the state cut their surgery prices significantly to avoid losing patients. That response accounted for about 85% of the $5.5 million CalPERS saved over two years, researchers at UC Berkeley found, with the rest of the savings co...

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