CIRCA: ACOs 2020
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Filed under: Health Economics, Health Insurance | Tagged: ACOs, Medicare Shared Savings program, Value Care |
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CIRCA: ACOs 2020
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Filed under: Health Economics, Health Insurance | Tagged: ACOs, Medicare Shared Savings program, Value Care |
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Private Insurers Paid 267% of Medicare Prices for Outpatient Services
RAND Health Care recently released an analysis of prices paid by private health plans. Here are some key findings from the report:
• In 2018, private insurers paid 247% of what Medicare would have paid for the same services/facilities.
• Relative prices for hospital inpatient services averaged 231% of Medicare.
• Private insurers paid an average of 267% of Medicare prices for hospital outpatient services.
• Arkansas, Michigan, and Rhode Island had relative prices under 200% of Medicare.
• Florida, Tennessee, Alaska, West Virginia, and South Carolina had prices above 325% of Medicare.
Source: RAND Health Care, September 2020
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MEDICARE?
Privately insured patients pay 247% more at hospitals on average than Medicare patients for the same care, according to a new study by nonprofit think tank RAND Corporation.
Beverly
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