US EditionLetter: First Step Toward Reducing Health Care Costs Is Actually Knowing What They Are
Government subsidies meant to lower costs have enabled nonprofit hospital systems to increase commercial prices amid complex billing, with three-day stays averaging over $30,000.
2 Articles
2 Articles
Letter: First step toward reducing health care costs is actually knowing what they are
Health care prices are out of control. The average cost of a three-day hospital stay in the United States now exceeds $30,000. A simple MRI can cost $300 in one facility, or $3,000 in another — sometimes in the same city. For working families and employers, these numbers are not abstractions. They can mean the difference between financial security and debt. Over the past two decades, hospitals have effectively consolidated into powerful, regiona…
First step toward reducing health care costs: actually knowing what they are
Health care prices are out of control. The average cost of a three-day hospital stay in the United States now exceeds $30,000. A simple MRI can cost $300 in one facility, or $3,000 in another – sometimes in the same city. For working families and employers, this can mean the difference between financial security and debt. In recent decades, hospitals have effectively consolidated into powerful, regional monopolies – ”nonprofits” with billions in…
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