FOR IMMEDIATE RELEASE
Contact: Rick Fuentes
(St. Paul) – March 6, 2019 – An analysis of hospital prices shows Minnesota hospitals are charging an average of 212 percent more than it costs them to care for patients, according to the study by National Nurses United and the Minnesota Nurses Association. The study also shows that hospital prices have risen threefold over 20 years when compared to other goods and services in the consumer price index.
“By looking at what it costs to care for patients and comparing that to what hospitals actually charge patients, it shows that hospital prices haven’t just gone up exponentially,” said Tara Fugate, researcher for the Minnesota Nurses Association, “They’ve gone up faster than the prices of other goods and services in the economy.”
The study compares chargemaster prices for 111 acute-care facilities in Minnesota with the costs for care for each hospital as listed in the Medicare Cost Reports (MCR).
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