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Joint Study Results
[By Staff Reporters]
The American Hospital Association, Blue Cross / Blue Shield Association, Premera Blue Cross and America’s Health Insurance Plans recently released a study on public and private health insurance payment rates prepared by the actuarial firm Milliman, Inc.
Findings-in-Brief
- Hospitals lost $30 billion on Medicare and Medicaid
- Hospitals earn $66 billion on commercial business
- Hospitals lost $13 billion on uninsured patients
Privates Employers Hit
Private sector employers, employees and their families pay about 10-11% more than they would otherwise pay for health insurance – to fund the operating deficits created by Medicare and Medicaid.
Assessment
Specifically, Milliman indicated cost shifting is worth a $51 billion differential in hospital payments, and a $40 billion differential in payments to physicians.
Full report: http://www.ahip.org/content/default.aspx?docid=25216
Conclusion
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