09/11/2009 05:12 am ET Updated May 25, 2011

Irrational Pricing Is Common In Medical Care, Survey Finds

A patient in Illinois was charged $12,712 for cataract surgery. Medicare pays $675 for the same procedure. In California, a patient was charged $20,120 for a knee operation that Medicare pays $584 for. And a New Jersey patient was charged $72,000 for a spinal fusion procedure that Medicare covers for $1,629.

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