By Chris Faddis
December 25, 2024
Bad policies, bad actors exploit our broken system
It is no mystery that health care costs and insurance premiums are spiking higher than Americans can afford.
Two factors — lack of industry transparency and burdensome government regulations — have created an environment that allows hospital systems to charge double, triple or more than what other providers are charging for the same health care products and services. Patients are paying the inflated price both financially and emotionally, to the detriment of their health, as medical entities charge more for a lower quality and quantity of care.
Patients needing swift, emergency care are often shocked to see the bill after treatment. Pricing data reveals that the cost for the same procedures at the same hospitals varied by an average range of 10.7 times in 2023 when comparing insurance plan negotiated rates. Prices at different hospitals in the same state varied an average range of 31.3 times for the same procedures when comparing hospitals and insurance plan negotiated rates.
Read the rest of Chris’ article in the Washington Times here
