Hospital prices are out of control, and we can’t rely on health systems and health plans to correct the course. Data indicates that for most hospitals a “fair price” for patients who are privately insured by employers is 140%–200% of what Medicare pays for the exact same procedures and services at the exact same facilities. Yet some hospitals charge more than 500% of Medicare prices! A fair price should allow for a reasonable markup from verifiable costs, yet hospital associations continue to support industry opacity rather than collaborating with employers and other plan sponsors to move from revenue focused to value alignment.
MBGH Employer Members: Attend Thursday's roundtable to gain a better understanding of how myths around hospital prices perpetuate this problem and what to do about them.
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