Healthcare Coverage

High hospital charges are a major factor in skyrocketing premiums

Published in Health Insurance Law Weekly, October 17th, 2004

High markups in charges over costs by hospitals and other sectors of the healthcare industry help explain the continuing double digit rise in both employer-sponsored health insurance and Medicare premiums reported in recent days, the California Nurses Association said.

Employer premiums increased an average of 11.2% this year, according to a Kaiser Family Foundation survey, the fourth consecutive year of double digit premium hikes. Separately, Medicare officials announced a 17% jump in Medicare premiums.

CNA issued a comprehensive report that documents that the nation's hospitals marked up their charges over their costs by an average of 232% and that...

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Source: Health Insurance Law Weekly (2004-10-17)

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