To put in a pacemaker, the charges are $51,483 at Baptist, $76,490 at Methodist, and $61,614 at St. Francis. So it goes, for scores of medical procedures at nonprofit and for-profit hospitals all over the country.
What Medicare actually pays is another number, and the same goes for private insurance companies, employer-provided insurance, and the patient. So, assuming you know what a drug-coated stent insertion is, is this a big deal or one of those things like the national debt, public pension obligations, and food additives that is vaguely troubling but too complicated to worry about?
The question comes up following release of a massive amount of data on Medicare this week. The story was reported Wednesday, with some nice context and quotes, by The New York Times and The Washington Post and other news organizations.
For the first time, the federal government released the prices that hospitals charge for the 100 most common inpatient procedures. The charges have been mostly secret to the average person. What the numbers reveal is a health-care system with lots of variation in the costs of services.
Valibus, a graduate of Overton High School and the University of Memphis who lives in Cordova, partnered with the Mayor's Innovation and Delivery Team to produce the short doc, doing all the camera, sound, production and interviewing work himself. Most of the filming was done the week before the grand opening on April 19th.
Among the business owners interviewed are David Wayne Brown, Guy Weaver, Tom Clifton and Pat Brown, Cynthia Norwood, Jay and Shalene McLaughlin, N J and Khara Woods, and Michael Andrews. Broad Avenue, with its grade-level train tracks that always seemed to bring rush-hour traffic to a standstill, looked doomed when Sam Cooper Boulevard was extended several years ago. But a combination of owners who wouldn't quit and new ones attracted to what was something of a blank canvas are bringing it back.
"Broad kind of has a wild-card feel about what it can turn into," said Valibus. "Other areas like Overton Square and South Main have more of a theme. Broad can become anything."
(Mural by artist Guillaume Alby)