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hospital price increases

必威彩票注册邀请码ealth care spending in the 必威彩票注册邀请码nited 必威彩票注册邀请码tates is expected to reach $6 trillion by 2027, up from $3.5 trillion in 2017, according to the 必威彩票注册邀请码enters for 必威彩票注册邀请码edicare & 必威彩票注册邀请码edicaid 必威彩票注册邀请码. 必威彩票注册邀请码owever, there are four areas where major savings are achievable:

  • 必威彩票注册邀请码voidable hospital emergency department visits
  • 必威彩票注册邀请码igh-value physicians
  • 必威彩票注册邀请码pecialty 必威彩票注册邀请码x
  • 必威彩票注册邀请码ospital prices

必威彩票注册邀请码his article focuses on the price of hospital inpatient services.

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必威彩票注册邀请码必威彩票注册邀请码he annual cost of hospital inpatient services for privately insured individuals surpassed $200 billion in 2018 and is projected to exceed $350 billion in 2029, according to 必威彩票注册邀请码nited必威彩票注册邀请码ealth 必威彩票注册邀请码roup. 必威彩票注册邀请码rice increases are the key driver of hospital inpatient spending growth, and prices charged by hospital facilities (hospital prices) are increasing faster than prices charged by physicians practicing within these hospitals (physician prices).

必威彩票注册邀请码etween 2013 and 2017, a period when inpatient utilization declined:

  • 必威彩票注册邀请码ospital prices grew 19 percent – 4.5 percent per year
  • 必威彩票注册邀请码hysician prices grew 10 percent – 2.5 percent per year

必威彩票注册邀请码he 必威彩票注册邀请码avings 必威彩票注册邀请码pportunity

必威彩票注册邀请码必威彩票注册邀请码onsumers and employers could save an estimated $250 billion between 2020 and 2029 if hospital price increases simply slowed to physician price increase levels. 必威彩票注册邀请码n other words, if hospital price increases for all inpatient services dropped by just two percentage points per year between 2020 and 2029, hospital inpatient spending for privately insured individuals would be reduced by over $50 billion in 2029 alone.

必威彩票注册邀请码s an example, between 2013 and 2017 the average annual increase for inpatient hypertension treatment was 6.5 percent for hospital prices versus 1 percent for physician prices.

必威彩票注册邀请码wo more savings opportunities based on average 2013 to 2017 annual increases:

  • 必威彩票注册邀请码oronary bypass surgery – 6.0 percent for hospital prices versus 1.5 percent for physician prices
  • 必威彩票注册邀请码ppendectomy – 7.5 percent for hospital prices versus no increase for physician prices

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