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The study’s results suggest that health care spending could be reduced by policies aimed at steering privately insured patients to lower-priced providers. (Photo: Shutterstock)

The bargaining power between insurers and hospitals varies dramatically across markets, across hospitals within markets and even within hospitals. Consequently, so does the price for specific health care services, according to the study, “The Price Ain’t Right? Hospital Prices and Health Spending on the Privately Insured,” by Yale University associate professor Zack Cooper and colleagues, published in the Quarterly Journal of Economics.

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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