Private insurers and employers paid 247% more than what Medicare would have for hospital services in 2018, according to a RAND Corporation report released Friday morning. The report, nicknamed ‘RAND 3.0,’ is an expansion of ‘RAND 2.0,’ a study released in May 2019 that examined prices paid to hospitals by private insurers across 25 states. The new study analyzed nearly $34 billion in hospital claims data from 49 states and the District of Columbia, excluding Maryland, during the three-year period.
Read the full article: Employers and Private Insurers Paid Hospitals 247% of What Medicare Would Have //
Source: https://www.healthleadersmedia.com/finance/employers-and-private-insurers-paid-hospitals-247-what-medicare-would-have