How much is that hip implant in the X-ray? Only the hospital administrator and the company that made it know for sure. iStockphoto hide caption itoggle caption iStockphoto Shots - Health News How Much Does A New Hip Cost? Even The Surgeon Doesn't Know January 6, 2014 Medicare spends about $20 billion each year on implanted medical devices. Nearly half of the total goes for orthopedic surgery. Yet doctors who were surveyed about implant prices could only accurately estimate the prices about one-fifth of the time.