During 2020, prices paid to hospitals by employers and private insurers for both inpatient and outpatient services averaged 224 percent of what Medicare would have paid for the same services. Prices among states varied widely.
Hospital Price Transparency Study Round 4
Our health care system consumes vast economic resources without producing commensurate health benefits. Employers, as purchasers of health benefits, have typically not played an active role in promoting the value of care or agreed on a strategy for doing it.
While the report from Round 3 of the hospital price transparency study includes hospitals in all 50 states, there is still work to be done. In Round 4, RAND increased the number of hospitals and amount of claims data under analysis.