With the Covid-19 pandemic continuing to explode across the country, a new study documents that hospitals jack up charges by as much as 18 times over their costs, a substantial contributor to the growing health care crisis for patients and families. Overall, the 100 most expensive U.S. hospitals charge from $1,129 to $1,808 for every $100 of their costs. Nationally, U.S. hospitals average $417 for every $100 of their costs, a markup that has more than doubled over the past 20 years. High hospital charges also drive up Covid-19 treatment costs. One study found that average charges for a Covid-19 patient requiring an inpatient stay can range from $42,486 with no or few complications to $74,310 with major complications. a 2017 study found that for each additional dollar increase in list price, insurers paid an additional 15 cents to hospitals.
— source corporatecrimereporter.com | Nov 16, 2020
this proves that we have to make healthcare in public sector and make it free for all citizen.