News Headlines Article

Why can’t our hospitals cut costs by 35 percent?
San Francisco Business Times

Hospitals have long talked a good fight about cutting costs without doing much. Moves by a Seattle-based health care system to take a deep scalpel to some prices are raising the question: Why can’t Bay Area hospitals do the same?

Swedish Health Services in Seattle slashed prices on Jan. 1 for nine in 10 outpatient procedures by an average of 35 percent. Officials called it a response to changes inspired by the Affordable Care Act that have intensified competition and focused the health care industry’s attention on affordability.