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Is your hospital charging fair prices for services?
According to a recent study published in JAMA Internal Medicine, the cost of emergency medical care varies widely from one hospital to another in the United States — and many charge exorbitant markups.
The research team that published the study analyzed billing records for 12,337 emergency medicine doctors from 2,707 hospitals across all 50 states in 2013.
Additionally, they found that emergency departments charged an average markup of 340 percent on Medicare allowable amounts.
The Medicare allowable amount is the sum of what Medicare reimburses for a service, the deductible and coinsurance paid by beneficiaries, and any amount that a third party is responsible for covering.
www.healthline.com
According to a recent study published in JAMA Internal Medicine, the cost of emergency medical care varies widely from one hospital to another in the United States — and many charge exorbitant markups.
The research team that published the study analyzed billing records for 12,337 emergency medicine doctors from 2,707 hospitals across all 50 states in 2013.
Additionally, they found that emergency departments charged an average markup of 340 percent on Medicare allowable amounts.
The Medicare allowable amount is the sum of what Medicare reimburses for a service, the deductible and coinsurance paid by beneficiaries, and any amount that a third party is responsible for covering.
Hospital Bills and Overcharging
Surprise hospital bills and bogus charges are more common than you might think. Here’s how you can push back when you find a problem.
www.healthline.com
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