News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 


Kiwis Vastly Underestimate The Real Cost Of Elective Surgery


News release
2 November 2012

Kiwis Vastly Underestimate The Real Cost Of Elective Surgery

A new survey by Southern Cross Healthcare Group has found that the majority of New Zealanders are completely unaware as to the true cost of elective (non-urgent) surgery.

Only a third of the 2000 New Zealanders surveyed believed they had an understanding of how much three common surgical procedures cost.

Those who indicated they did have an idea were asked to estimate the cost of those surgeries in the private sector. However, the majority cited prices that were just a fraction of the real cost.
• 21% believed the cost of a knee replacement was $2,500 or under. Southern Cross data shows current prices for the majority of these procedures in private practice are in excess of $19,000 (including prosthesis). Only 15% of people estimated that this procedure cost more than $15,000.
• 27% believed the cost of a hip replacement to be under $5,000. The majority (45%) suggested it was between $5,000 and $15,000. Just 28% of those surveyed thought it cost over $15,000. Southern Cross data shows the majority of these procedures in private practice are in excess of $18,250 (including prosthesis).
• Though 28% believed a single cataract replacement cost under $1000, a number were more realistic about the cost of this procedure. 37% believed it cost between $2000 and $5000. Southern Cross data shows the majority of these procedures in private practice are in excess of $3500. (This figure includes variations for day stay, overnight stay and anaesthetic type).
The survey found that those from higher income households tended to have a better understanding of the cost of healthcare.

Southern Cross Healthcare Group CEO Ian McPherson called the survey results “a huge worry” in light of the increasing pressures on publicly funded health resources.

“Already around half of all elective surgeries are funded privately. As the population ages, it is highly likely New Zealanders are going to be asked to fund an increasing portion of their non-urgent healthcare costs in the future in order to keep the country solvent.”

“New Zealanders need to be prepared for this reality, and start thinking about how they will fund it. In doing so, people need to be aware of just how much these surgeries do cost.”

McPherson said medical costs are why health insurer Southern Cross Health Society is contracting at agreed prices with an increasing number of healthcare providers.

“The price of many procedures has risen substantially over the last decade. As a not for profit organisation, the Health Society is strongly focused on ensuring prices charged to its 820,000 members are fair, reasonable and represent good value for money.”

NEW ZEALANDERS UNDERSTANDING OF THE COST OF SURGERY
$1,000 and under$1,001 - $2,000$2,001 - $3,000$3,001 - $5,000Over $5,000
Single cataract replacement28%19%17%20%16%
$2,500 and under$2,501 - $5,000$5,001 - $10,000$10,001 - $15,000Over $15,000
Hip replacement13%14%31%14%28%
$2,500 and under$2,501 - $5,000$5,001 - $10,000$10,001 - $15,000Over $15,000
Knee replacement21%30%23%11%15%

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Kiwi Pride: Accolades For Film About Man Who Falls In Love With A Stick

A short animated film written and directed by New Zealand born Matthew Darragh has been selected for the Courts des îles, International Festival of Short Fiction Films. More>>

ALSO:

Anniversaries: Vivid Memories Four Years After Christchurch Quake

Four years ago, an earthquake that would change the lives of thousands shook Christchurch at 12.51 p.m. More>>

ALSO:

Environment 'n' Conservation: Slash Meets Tāne The Tuatara

Rock and Roll superstar and former Guns 'n' Roses guitarist Slash visited Zealandia Ecosanctuary along with collaborating band Myles Kennedy and the Conspirators. More>>

Foo Fighters: Exclusive Show In Support Of Music Foundation

Frontier Touring has today announced that the Foo Fighters will play a last minute intimate and exclusive benefit show at the Auckland Town Hall this Friday February 20 with all profits going to The New Zealand Music Foundation. More>>

ALSO:

Canterbury Quakes: Feedback Sought On Short-Listed Memorial Designs

Six short-listed designs for the Canterbury Earthquake Memorial have been released for public input... The Memorial will honour the victims of Canterbury’s earthquakes and acknowledge the suffering of all those who lived through them as well as the heroism of those who participated in the rescue and recovery operations. More>>

ALSO:

Celia Lashlie: Legacy Will Live On

Social justice advocate Celia Lashlie leaves a legacy that will continue to have a positive impact on the lives of New Zealanders for years to come, Labour Leader Andrew Little says. “Celia was a powerful voice for reason, sense and compassion. Her work, particularly with teenage boys, was ground-breaking." More>>

ALSO:

Obituary: Sad Farewell To PPTA Activist Robin Duff

Duff has been a long-time fixture of the association... Most recently Duff has been working hard to support Canterbury teachers through the quakes that devastated the region. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Health
Search Scoop  
 
 
Powered by Vodafone
NZ independent news