Crain’s Detroit Business: Report - Michigan hospital prices second lowest in nation
Posted on September 21, 2020
Crain’s Detroit Business published a story Sept. 18 on a new report from the Employers Forum of Indiana and the RAND Corp. that reviewed claims data from 3,112 hospitals in 49 states.
The study found that Michigan hospitals charged self-insured employers and private payers the second-lowest prices in the nation after Arkansas from 2016 to 2018. Michigan was the lowest in the Great Lakes region at 190% compared to Ohio (235%), Wisconsin (290%), Minnesota (297%) and Indiana (303%).
A statement from MHA CEO Brian Peters was included in the story.
"We believe this study also reiterates that the existence of a strong (Certificate of Need) program continues to play a key role in keeping costs low and quality high in our state," said Peters.
"At the same time, COVID-19 has shown that the same efficiencies that save employers and patients on costs can make crises even more difficult to navigate. The study shows that health care pricing is a delicate and difficult balancing act. Our member hospitals and health systems will continue to provide the highest quality care possible to every person who walks through their doors, and will continue to be good stewards of the dollars they receive, regardless of who is paying the bill."
Read the article
Posted in: MHA In The News