Home · Health · Aug 26 archive
States try new tactics to bring down high hospital prices
Developing
"This is impacting wage growth," Randa Deaton, CEO of the Employers Forum of Indiana , said about employers struggling to absorb high hospital prices. The 2017 RAND study found Parkview Health was among the hospital systems charging the highest prices in the state.
The Forum commissioned a study by the policy research organization RAND back in 2017 that found some large hospitals in Indiana were charging three to four times Medicare prices. Researchers found that after two years under the price limit, Oregon saved over $107 million and outpatient prices per procedure fell by 25%.
"You'll get that sugar high of price relief," Lo Sasso said, "But it's not going to be sustainable. But when it comes to monthly premium reductions the picture is more complicated, said John Sadtler, CEO of SIHO insurance Services, a small, hospital-owned insurer in Indiana.
"People have exhausted a lot of the low-hanging fruit for improving care and driving affordability," Deaton said. "What the law did was it kind of changed the conversation in terms of how we look at pricing," Evans said.
"We're getting a lot of reach-outs in all areas of direct-to-employer product offerings," Dean said. And these are costs that our members have no control over," Tittle said.
"We think that it could be significant savings," said Evans.
What's confirmed
What's still developing
- "We think that it could be significant savings," said Evans.
- "What the law did was it kind of changed the conversation in terms of how we look at pricing," Evans said.
- "This is impacting wage growth," Randa Deaton, CEO of the Employers Forum of Indiana , said about employers struggling to absorb high hospital prices.
- The Forum commissioned a study by the policy research organization RAND back in 2017 that found some large hospitals in Indiana were charging three to four times Medicare prices.
- "People have exhausted a lot of the low-hanging fruit for improving care and driving affordability," Deaton said.
- "We're getting a lot of reach-outs in all areas of direct-to-employer product offerings," Dean said.
- The 2017 RAND study found Parkview Health was among the hospital systems charging the highest prices in the state.
- Researchers found that after two years under the price limit, Oregon saved over $107 million and outpatient prices per procedure fell by 25%.
Sources
- NPR — source text fetched for this pass link