Study Shows Some Hospitals Inflate Prices 1000%

uninsured

A study published recently in Health Affairs shows that hospitals mark up their prices, often 10 times the actual cost. The 50 most expensive hospitals in the US are for-profit and have an average markup of 1010%. Out of network patients and the uninsured are billed at the chargemaster rate, yet out of network pay only a percentage of that listed rate. A lack of regulation and price transparency is blamed for the extreme markups. Patients cannot find out the price for procedures before getting the bill, and this prevents comparison shopping.

http://www.reuters.com/article/2015/06/08/us-usa-hospitals-prices-idUSKBN0OO2C920150608
Begley, Sharon. “Many U.S. hospitals mark up prices 1,000 percent: study.” Health. Reuters, 8 Jun 2015. Web. 10 Jun 2015.

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