That’s because the price tag of a medical procedure depends on the rate that each hospital negotiates with individual insurers. That amount is usually kept confidential and is substantially marked up from how much the procedure actually costs the hospital to provide. That penalty is peanuts compared with what hospitals typically charge both insurers and patients, but it’s a move toward transparency. The arrangement will establish new customs procedures at Britain’s border and end the free movement of people between Britain and E.U. But that’s already happening anyway, as Britain reels from a new variant of the coronavirus that is raging across the country.

Source: New York Times January 03, 2021 12:00 UTC