New online tool displays cost differences for surgical procedures

The Centers for Medicare & Medicaid Services (CMS) Nov. 27 launched a new online tool that will allow consumers to compare Medicare payments and copayments for certain surgical procedures that are performed in both hospital outpatient departments and ambulatory surgical centers.

The Procedure Price Lookup tool shows national averages for the amount Medicare pays the hospital or ambulatory surgical center and the national average copayment amount a beneficiary with no Medicare supplemental insurance would pay the provider.

Read CMS Administrator Seema Verma’s blog post.