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Why New York Hospitals Will Soon Be More Transparent About Pricing
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Bill to promote hospital price transparency sails through City Council
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NYC City Council approves bill allowing patients to compare costs at different hospitals online
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New York City Seeks to Unravel the Secret Mystery of Hospital Costs
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Hospital and payer transparency in 2023: The consequences of compliance are becoming real
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Labor Union Health Fund Targets Hospital Prices, Looks to Form Purchasing Coalition
Serving SEIU 32BJ Union Members and Their Families
Serving SEIU 32BJ Union Members and Their Families
The 32BJ Health Fund partners with healthcare providers, insurers, and researchers to deliver innovative, high-quality, and affordable health benefits to 200,000+ working people.
At the 32BJ Health Fund, our members are at the center of everything we do—from designing and administering comprehensive health benefits to leading the clarion call for hospital price transparency and for policies that ensure sustained access to quality, affordable, and equitable healthcare services. We are grateful to our colleagues at Patient Rights Advocate for helping us showcase the hard-working people on whose behalf we work hard.
2020 State Hospital and Healthcare Spending
* Payment level required from commercial payers (expressed as a percentage of Medicare rates) to allow the hospital to cover maximum hospital expenses, with no profit, for hospital inpatient and outpatient services. Covered hospital expenses include commercial patient hospital operating costs, shortfall or coverage from public health programs, charity care and uninsured patient hospital costs, Medicare disallowed costs, and hospital Other Income and Expense.
Sources:
- Private Health Insurance (PHI) Enrollment and Spending: Centers for Medicare and Medicaid Services (CMS), State Health Expenditure Accounts (SHEA), Total Personal Health Care Expenditures by State of Residence, 2022
- Fraction of Total Personal Health Care Spending on Hospital Services: Appendix Table e9c in: Emily K. Johnson et al., “Varied Health Spending Growth Across US States Was Associated With Incomes, Price Levels, And Medicaid Expansion, 2000–19,” Health Affairs, 41(8): 1088–1097
- Relative Prices Paid for Hospital Services (Inpatient and Outpatient) by Private Employer Sponsored Health Plans: Christopher M. Whaley et al., Prices Paid to Hospitals by Private Plans: Findings from Round 4 of an Employer-Led Transparency Initiative, RAND Corporation, 2022
- National Academy of State Health Policy’s Hospital Cost Tool
We created this video to help employers and other healthcare purchasers determine how much they are paying for healthcare and to show them what they can do right now to reduce their hospital spend.
Hospital Prices:
the Policy and the Practical
Healthcare spending is growing faster than both the economy and consumer prices. The key driver of healthcare inflation is surging hospital prices. Failure to address skyrocketing hospital prices in New York is not an option with the scale of lives and economies impacted.
