Hospital Consolidation Pushed Prices 8% Higher Yearly, Insurers Say

Though healthcare spending has slowed to record-low rates for the past three years, inpatient hospital prices rose on average 8.2 percent each year between 2008 and 2010, according to a report by health insurance trade group America's Health Insurance Plans.

The report, published in the American Journal of Managed Care, said price increases in the health insurance industry are in response to hospitals' hikes, which are driven in part by consolidations in the industry, according to the report.

Hospital prices in New York, Texas, Tennessee and Pennsylvania rose even higher than the average, according to the report.

More Articles on Healthcare Prices:

Report: 29 States Earn "F" in Healthcare Price Transparency
Healthcare Price Growth Hits Lowest Level in 15 Years
National Health Spending Accelerated 4.3% in 2012, Still Slower Than Past 5 Decades

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