New Data – Some Hospitals Set Charges at 10 Times Their Costs
|Targeted News Service|
With growing national attention to hospital pricing practices, new data released by the nation's largest nurses organization today showed that hospital charges continue to skyrocket with some U.S. hospitals charging more than ten times their cost - nearly
- 14 U.S. hospitals charge more than
- The 100 most expensive U.S. hospitals have a charge to cost ratio of 765 percent and higher - more than double the national average of 331 percent.
- Despite enactment of the Affordable Care Act, hospital charges recorded their single biggest jump, a 22 percentile point increase from fiscal year 2010-2011 to fiscal year 2011-2012 in the past 16 years for which the IHSP has analyzed the data.
- Six of the nine most expensive hospitals are part of two big chains,
- For-profit hospitals continue to dominate the list of those with the highest charges. For-profit corporations average charges of 503 percent of their costs, or
- By contrast, government-run hospitals, including federal, state, county, city, or district operated hospitals, with public budgets and boards that meet in public, exercise far more restraint than for-profit or non-profit corporate chains. Average charge ratios for government-run hospitals are just 235 percent of their costs.
- Public oversight or regulation seems to help constrain excessive pricing.
8- Heart of
Click here to view tables: www.nationalnursesunited.org/press/entry/new-data-some-hospitals-set-charges-at-10-times-their-costs/
The IHSP has analyzed hospital charge data for years, noting prices, and a correlating spike in hospital profits, that hit a record
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