According to a report published by RAND, private health insurance plans covering the majority of the population of America paid higher rates of insurance to hospitals compared to similar public plans like Medicaid and Medicare. Going by facts, in 2017, mix-adjusted hospital rates were at 241 percent of Medicare prices, as per findings. The study also considered a negotiated amount of hospital prices relative to Medicare reimbursements for the procedures as well as facilities. People who were enrolled in private healthcare plans were employer-sponsored. If hospital rates to Medicare costs were cut from 2015 to 2017, it would have easily saved $7.7 billion in overall healthcare expenditure for employers, reports RAND. Key Considerations – RAND Report As large discrepancies […]