The Real Cost of Hospital Care
Last spring, Time Magazine published a much-discussed article that looked at how hospitals set prices for the services they provide, and the wide variations in pricing from one hospital to another. But hardly anyone actually pays those seemingly outrageous prices, Robert Wood Johnson Foundation (RWJF) Interdisciplinary Nursing Quality Research Initiative co-director Mark V. Pauly, PhD, says, because public and private insurance companies negotiate them down for their customers.
In the third video in a series of RWJF Clinical Scholars Health Policy Podcasts, Clinical Scholar Chileshe Nkonde-Price, MD, interviews Pauly, an economist, about the price of hospital care and the difference between posted prices and what consumers pay.
The video is republished with permission from the Leonard Davis Institute.