| For generations, the prices that hospitals charge patients with private insurance have been shrouded in secrecy. An explosive new study has unlocked some of those secrets. It finds that employers and their insurers are failing to control hospital costs, increasing calls for transparency into insurer-hospital agreements. The analysis, by Chapin White and Christopher Whaley of the RAND Corporation, finds that hospitals are charging the privately insured 2.4 times what they charge Medicare patients, on average. The authors were able to access the actual contracted prices used by employers representing four million workers. |
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