Hospitals are back in the hot seat for their prices
Forces in New York City, California and elsewhere are leading a new push to rein in hospital prices, reviving a health cost fight that’s been on hold for most of the COVID-19 pandemic.
Hospitals are back in the hot seat for their prices
Forces in New York City, California and elsewhere are leading a new push to rein in hospital prices, reviving a health cost fight that’s been on hold for most of the COVID-19 pandemic.
Report: Private Hospitals Overcharge NYC Government Over $2B Annually
Report: Private Hospitals Overcharge NYC Government Over $2B Annually by Jasmine Pennic 03/18/2022 Leave a Comment Private Hospitals Overcharge NYC Government Over $2B Annually What You Should Know: – The 32BJ Health Fund, a self-insured fund that provides care for 32BJ SEIU members and their dependents, today released a report that lays bare the stark price disparities between Medicare and private hospitals, and outlines solutions to both reins in prices and holds hospital systems accountable for these practices. – The report, titled, ‘Hospital Prices: Unsustainable and Unjustifiable’ found that hospital prices are dramatically rising, the main driver in the overall increased cost of care that is leaving patients without reliable and affordable access to potentially life-saving procedures. Key Findings Amid the report’s key findings that could have national implications is that if New York City’s healthcare cost utilization and expenditure breakdown mirror the Fund’s, then it may be paying more than $2 billion per year above what Medicare pays for the same hospital services. These taxpayer funds could provide critical services and programs at the height of an affordability crisis and also stave off the need for job cuts.
