![]() NewYork-Presbyterian Hospital lists $440 as the gross charge as well as the cash price. The listed charge for a basic PCR covid test at Cedars-Sinai Medical Center in Los Angeles is $480. The data shows that covid tests continue to generate high charges from hospitals and clinics despite alarms raised by insurers, anecdotal reports of high prices and pushback from state regulators. When charges run far beyond the cost of the tests “it’s predatory,” she said. Insurers and other payers “have no bargaining power in this game” because there is no price cap in some situations, said Ge Bai, an associate professor at Johns Hopkins Bloomberg School of Public Health who has studied test economics. Even in-network prices negotiated and paid by insurance companies often run much more than that and, according to one measure, have been rising on average in recent months. ![]() ![]() Lab companies have been booking record profits by charging $100 per test. Gargantuan volume - 400 million tests and counting, for one type - combined with loose rules on prices have made the service a bonanza for hospitals and clinics, new data shows. Subscribe to KFF Health News' free Morning Briefing.Īs the pandemic enters its second year, no procedure has been more frequent than tests for the virus causing it. The insurance company passes on its higher costs to consumers in higher premiums. “Now on the back end it’s being passed onto the consumer” through high charges to insurers, she said. And some free-standing emergency rooms are charging more than $1,000 per test.Īuthorities were saying “get tested, no one’s going to be charged, and it turns out that’s not true,” said Valfer, a professor of visual arts who lives in Pasadena, California. Charges by large health systems range from $20 to $1,419 per test, a new national survey by KFF shows. Hospitals are charging up to $650 for a simple, molecular covid test that costs $50 or less to run, according to Medicare claims analyzed for KHN by Hospital Pricing Specialists (HPS). And that amount is toward the low end of what some hospitals and doctors have collected. She feared she might receive a bill herself. So, she was surprised when the testing company billed her insurer $250 for each swab.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |