Hospitals mark up some medicines by 250 % on average:
As Americans deal with the rising cost of prescription drugs, a new analysis found that some hospitals are raising prices for more than two dozen drugs by an average of 250 %, highlighting incentives to use more expensive branded treatments than lower-cost biosimilars. use. According to an analysis by Ronny Gal, a senior research analyst at Bernstein, hospitals show drug prices by an average of 250 percent. Stat examined data from 30 hospitals. Industry news also relates to Mark Cuba’s entry into generics, Teladoc’s emergence, and more.
The analysis used data from Centers for Medicare and Medicaid Services, which included the total costs and fees for all medicines from 3,792 hospitals. On average, these hospitals have increased the price of drugs by almost 500 percent, which corresponds to an analysis of 20 drugs previously conducted by Moran.
Markups on medicine prices often lead to higher reimbursement by health plans. More than half of commercial payers reimburse hospital outpatient departments as a percent of billed charges.
The analysis used Centers for Medicare and Medicaid Services data that included total costs and charges for all medicines from 3,792 hospitals. The price for a certain product can vary from one customer to the other, from one deal to another.
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