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Some hospitals exceed Medicare-allowed costs by up to 1000%
Hospitals in the United States with the highest charge-to-cost ratios billed uninsured consumers and out-of-network patients more than 10 times the cost allowed by Medicare, according to recent study data.“There is no justification for these outrageous rates but no one tells hospitals they can’t charge them,” study researcher Gerard F. Anderson, PhD, a professor at the Johns Hopkins Bloomberg School of Public Health, said in a press release. “For the most part, there is no regulation of hospital rates and there are no market forces that force hospitals to lower (Read more...)