STATEWIDE – According to Forbes magazine, this week released its first-ever survey of America’s most profitable hospitals, revealing that 24 hospitals with more than 200 beds make 25 cents or more for every dollar of patient revenue they take in.
The report is being widely disseminated by the health insurance industry, which is pushing back against claims that health insurance profits — rather than rising medical costs — are to blame for rising premiums. In the survey, “Forbes points out that hospital charges account for about a third of healthcare spending, or $718 billion — more than any other single category.”
In an earlier report, Bloomberg cited Princeton economist Alain Enthoven saying that hospital expenses rose “largely because of the pricing power of local hospital systems,” and calling for “effective antitrust enforcement.”
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