Monday, June 14, 2021

Most top hospitals charge a more than 5x markup - Axios

Some of the hospitals with the highest revenue in the country also have some of the highest prices, charging an average of 10 times more than the actual cost of the care they deliver, according to new research by Johns Hopkins University provided exclusively to Axios.

Why it matters: Hospitals each determine their own charges, or list prices. While few patients ever pay those prices, due to negotiated insurance rates, they do affect the uninsured and, experts say, ultimately influence the overall price we all pay.

Details: Johns Hopkins University researchers looked at the overall cost-to-charge ratio listed in the American Hospital Directory for the top 100 hospitals in the U.S. by their 2018 revenue to calculate the average markups.

via www.axios.com

Our hospital pricing system is so unbelievably effed up. Thank regulation for the problems. I'm not sure it can be fixed.

https://rightcoast.typepad.com/rightcoast/2021/06/most-top-hospitals-charge-a-more-than-5x-markup-axios.html

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Comments

There's a case for an NHS but for God's sake don't try to copy ours. An American federal version would be much worse than the original.

There's a case for using free markets but there's no obvious way to get there from here. Why not just copy a country with a decent system? Singapore, Australia, France, Iceland, ...

Posted by: dearieme | Jun 14, 2021 3:48:18 PM