Hospitals Are Milking Obscene Profits From Patients (Up to 1,000% more)

Written by on June 16, 2015 in Big Pharma, CDC, EPA & FDA, Health with 0 Comments

Jennifer Lilley |  Natural News

Psychiatric-Doctors-Drug

Many people today are leery of hospitals, often hesitant even to receive care for something as minor as a common cold. With constantly changing insurance hassles, record mix-ups and patients sometimes left feeling worse than when they arrived, it’s understandable. Then there’s the issue of your finances. According to a recent study published in the journal Health Affairs, if you were financially stable before heading to the hospital, chances are, you won’t be after leaving.

The study, conducted by experts from Johns Hopkins Bloomberg School of Public Health and from Washington & Lee University who analyzed Medicare cost reports, found that many hospitals in the United States are charging unbelievably exorbitant fees. This isn’t anything minor, either. They noted that 50 hospitals in the country are marking up their medical services to the tune of over 1,000 percent above and beyond actual costs. It’s hitting the uninsured and out-of-network people the most, along with those covered by auto and worker’s compensation insurance.

Try to get healthy, and it’s nearly impossible to stay that way before running out of money (if you can even afford it in the first place). And so the cycle continues, which the study attributes to the fact that many hospitals can charge as they wish. So they do, and it’s ludicrous.

The reason for outrageous hospital fees: experts say it’s “because they can”

“There is no justification for these outrageous rates, but no one tells hospitals they can’t charge them,” said Gerard F. Anderson, a professor in the Bloomberg School’s Department of Health Policy and Management who was involved in the study. “For the most part, there is no regulation of hospital rates and there are no market forces that force hospitals to lower their rates. They charge these prices simply because they can.”

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