The Real Cost of Health Care blog series explores the outsized role of hospital pricing in rising health care costs, and the market and legislative fixes necessary to reduce unsustainable cost increases for American businesses and families.
This week, actuaries with the Centers for Medicare and Medicaid projected health care spending will grow to reach almost $6.8 trillion by the year 2030 and consume nearly 20% of the country’s gross domestic product, or one in every five dollars spent.
Last week, a federal district judge in Houston was the first to rule on one of the cases and sided with plaintiffs – the Texas Medical Association– effectively upending a vital portion of the rule implementing the decision.
A landmark federal rule requires the nation’s 6,000 hospitals to make pricing data available publicly. This requirement includes plan-specific negotiated prices, not just the “chargemaster” prices, for every item or service.
The COVID-19 global pandemic and resulting economic slowdown had profound impacts on many sectors, including tourism, aviation, oil, finance and health care.
With 60% of Americans getting their health care coverage through their jobs, large and small employers alike are justifiably concerned about rising costs of care.
In 2017, pharmacy giant CVS announced it was purchasing insurer Aetna for $69 billion in the largest-ever health care merger.
The United States is facing a crisis when it comes to health care costs. Prices for lifesaving, necessary care and drugs are simply too high for consumers.
Ever-rising health care costs are causing many across the political spectrum to rethink their priorities and positions on key health care policy issues.
Operating largely beneath the public and regulatory radar, private equity firms have gravitated toward health care over the past decade in pursuit of outsized profits.
An eleventh-hour bid by private equity companies, hospitals and other provider interests threatens to torpedo Congress’ objectives of protecting patients from exorbitant, surprise medical bills and constraining soaring health care costs.