Report reveals employer health plans paid hospitals 254% more than Medicare rates in 2022
A report published by the nonprofit Rand Corp. on Monday revealed that in 2022, employers and private healthcare insurers paid, on average, 254% of what Medicare would have paid for both inpatient and outpatient hospital services. This significant pricing gap varied widely across different states, with some reporting average prices below 200% of Medicare rates, while others exceeded 300%.
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