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Out-of-control hospital pricing creates more inequality, say the union presidents of @32BJSEIU and @DistCouncil37 1/x https://www.crainsnewyork.com/op-ed/out-control-hospital-pricing-creates-more-inequality
How out of control are the prices? The 32BJ Health Fund studied its claims data and found that NYC hospitals were paid on average 2.4 times the Medicare rate for the same services between 2016 and 2019. 2/x
For example, the 32BJ Health Fund paid NYU 3.97 times the Medicare rate in 2019; paid New York-Presbyterian 3.58 times what Medicare paid in 2019; and paid Northwell 2.99 times the Medicare rate in 2019. 3/x
For a colonoscopy, the Health Fund paid an avg of $9,426 in 2018 and 2019 at New York-Presbyterian’s Columbia University Medical Center. The Medicare rate for the same period for the same care was only $1,021, meaning that the Health Fund paid 9.23 times the Medicare rate. 4/x
h/t to @RANDHealth @CM_Whaley on the Medicare repricing analysis framework 5/5
