Consumers Pay More for Hospital Care

The New York Times is reporting that from the year 2011 to 2012 the overall cost of hospital charges increased across the country. This report comes from the most recent data released by Medicare. The increase in cost has occurred across the board, including for some of the most common complaints. According to the New York Times:

Charges for chest pain…rose 10 percent to an average of $18,505 in 2012, from $16,815 in 2011. Average hospital charges for digestive disorders climbed 8.5 percent to nearly $22,000, from $20,278 in 2011.

In 2012, hospitals charged more for every one of 98 common ailments that could be compared to the previous year. For all but seven, the increase in charges exceeded the nation’s 2 percent inflation rate for that year, according to The Times’s analysis.

This report has an impact on consumers, as the data shows a trend of higher cost hospital care across the US. Given the overall rise in prices consumers should expect to pay more at the hospital, even for minor procedures.

Read more at: “Hospital Charges Surge for Common Ailments, Data Shows” (Julie Creswell, Sherri Fink, and Sarah Cohen, The New York Times)

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A rising senior at Colgate University, John is currently working as a research fellow with Consumers' Research.

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