What Hospitals Charge the Uninsured

http://economix.blogs.nytimes.com/2013/03/15/what-hospitals-charge-the-uninsured/?ref=economy

 Uwe E. Reinhardt is an economics professor at Princeton. He has some financial interests in the health care field.

Steven Brill’s exposé on hospital pricing in Time magazine predictably provoked from the American Hospital Association a statement seeking to correct the impression left by Mr. Brill that the United States hospital industry is hugely profitable.

Today’s Economist

Perspectives from expert contributors.

In this regard, the association can cite not only its own regularly published data, but also data from the independent and authoritative Medicare Payment Advisory Commission, or Medpac, established by Congress to advise it on paying the providers of health care for treating Medicare patients.

As shown by Chart 6-19 of Medpac’s report from June 2012, “Health Care Spending and the Medicare Program,” the average profit margin (defined as net profit divided by total revenue) for the hospital industry over all is not extraordinarily high, although for a largely nonprofit sector I would rate it more than adequate.

Medicare Payment Advisory Commission

But in each year there is a large variance about that year’s average shown in Chart 6-19, with about 25 to 30 percent of hospitals reportedly operating in the red and many others earning margins below the averages.

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