Hospital rates increase in Md.
Maryland patients will pay hundreds of dollars more for hospital stays under price hikes made final Wednesday by the state agency that sets rates for the medical institutions, the Baltimore Sun reports.
The price for health care that hospitals pass on to insurers and patients will soar 4.4 percent this year — adding $596 million to the total tab — under several rate increases approved by the Maryland Health Services Cost Review Commission.
As a result, the average inpatient hospital bill will rise $386, to $12,141. The rate increases also are likely to turn into higher premiums because insurance companies typically pass on higher costs to customers.
The higher rates are needed to cover the cost of treating more uninsured patients turning to hospitals for care, most likely because of people losing their jobs in this weak economy, according to the commission. The increases also help to cover $123 million in Medicaid expenses that the cash-strapped state eliminated from its budget.
Posted by: henryjose09 | July 9, 2010 7:01 AM | Report abuse
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