According to the HSCRC report, patients at Maryland’s hospitals paid, on average, $10,983 for a hospital admission in FY 2010, slightly up from the $10,767 paid in the previous fiscal year. This 2 percent level of growth, compared to the estimated national average increase of 3 percent, means that Maryland patients paid $113 million less than they would have paid if Maryland hospitals’ revenue per admission had grown
at the national average.
In addition, the mark-up in Maryland’s costs is also the lowest in the nation. The mark-up among Maryland hospitals averaged 24.5 percent, while the average mark-up for hospitals nationally is 198 percent, according to the most recent data from the American Hospital Association.
Read the HSCRC report in full here.
Related Articles on Healthcare Costs:
Tired of Being Targeted, Healthcare Organizations Design Their Own Plan to Trim Medicare Deficit
Vermont Governor Appoints Members to Single-Payor Health Reform Board
Analyst: Healthcare Better Off Under Automatic Cuts Than Super Committee