Newsflash:
Wayne Powell Healthcare Human Rights Some Hospitals Set Charges at More Than 10 Times their Costs, according to NNU and IHSP
Wednesday, 08 January 2014 02:02

Some Hospitals Set Charges at More Than 10 Times their Costs, according to NNU and IHSP

Written by  Healthcare Finance News

With growing national attention to hospital pricing practices, new data released by the nation's largest nurses organization today showed that hospital charges continue to skyrocket with some U.S. hospitals charging more than ten times their cost – nearly $1,200 for every $100 of their total costs.

NNU and IHSP list the 100 most expensive hospitals, top 10 for each state, and the 50 most expensive hospital systems. For specifics, call 510-273-2246.

Key findings include:

 

  • 14 U.S. hospitals charge more than $1,000 for every $100 of their total costs (a charge to cost ratio of 1,000 percent) topped by Meadowlands Hospital Medical Center in Secaucus, NJ which has a charge to cost ratio of 1,192 percent.
  • The 100 most expensive U.S. hospitals have a charge to cost ratio of 765 percent and higher – more than double the national average of 331 percent.
  • New Jersey, with a statewide average of 583 percent charge to cost average – meaning all its hospitals average a charge of $583 for every $100 of costs – has the most expensive hospitals in the U.S. Florida at 555 percent ranks second.
  • Despite enactment of the Affordable Care Act, hospital charges recorded their single biggest jump, a 22 percentile point increase from fiscal year 2010-2011 to fiscal year 2011-2012 in the past 16 years for which the IHSP has analyzed the data.
  • Six of the nine most expensive hospitals are part of two big chains, Community Health Systems, Inc. and Health Management Associates which are currently pursuing a controversial merger that critics charge would further drive up prices.
  • For-profit hospitals continue to dominate the list of those with the highest charges. For-profit corporations average charges of 503 percent of their costs, or $503 for every $100 of total costs.
  • By contrast, government-run hospitals, including federal, state, county, city, or district operated hospitals, with public budgets and boards that meet in public, exercise far more restraint than for-profit or non-profit corporate chains. Average charge ratios for government-run hospitals are just 235 percent of their costs.
  • Public oversight or regulation seems to help constrain excessive pricing. Maryland, probably the most regulated state in the U.S., has the lowest average charges of all the states among its 10 most expensive hospitals.

 

The findings are based on publicly available Medicare Cost Reports as of June, 2013, covering the federal fiscal year that ended September 30, 2012.

"Such inflated practices continue to price far too many Americans out of access to needed medical care or expose them to financial ruin. It's long past time to rein in the price gouging, and recognize that a healthcare system based on profiteering puts all of us at risk," said Jean Ross, RN, co-president of National Nurses United, whose research arm, the Institute for Health and Socio-Economic Policy, conducted the research.

Link to original article from Healthcare Finance News

Read 4124 times

ERA Legislation in your State

Unratified states Gold - Ratified States Purple

Latest News from the Powell Campaign

  • Virginia's Wayne Powell Is An Environmental Profile In Courage
    Virginia's Wayne Powell Is An Environmental Profile In Courage

    Virginia is now being mentioned as a crucial swing state. This Congressional race is certainly one to watch. Perhaps that was why I was so impressed to hear candidate Wayne Powell, (who is challenging incumbent Republican House Majority Leader Eric Cantor for the seat he has held in the 7th District of Virginia since 2001) speak boldly and openly about the environment showdown with Cantor.

    Written on Sunday, 04 November 2012 00:17 Read more...
  • O’ Brother — Dr. Ralph Stanley to stump for Powell
    O’ Brother — Dr. Ralph Stanley to stump for Powell

    Running against incumbent Republican House Majority Leader Eric Cantor in Virginia’s GOP-heavy 7th District is enough to give any Democrat the blues. So Bluegrass legend Dr. Ralph Stanley will headline a two-day campaign swing for Powell next week.

    Written on Saturday, 20 October 2012 14:52 Read more...
  • Can This Guy Defeat Eric Cantor?
    Can This Guy Defeat Eric Cantor?

    Dream on. But Democratic long shot Wayne Powell might put a few dents in the House majority leader's armor. That Powell and Zerban were in LA raising money for what seemed like increasingly less quixotic quests—Powell is the first challenger Cantor has agreed to debate in 10 years, and Zerban's internal polling in September put him within single digits of Ryan—could underscore America's waning infatuation with tea-party-style politics.

    Written on Tuesday, 16 October 2012 10:04 Read more...
  • VIDEO: Powell/Cantor Debate Post Mortem
    VIDEO: Powell/Cantor Debate Post Mortem

    Perhaps you should give it a look, post-mortem.  After all, this is the first debate Eric Cantor has agreed to in TEN YEARS.

    Written on Friday, 12 October 2012 00:17 Read more...
  • Cantor camp turns down invitation to free public forum
    Cantor camp turns down invitation to free public forum

    A top aide to House Majority Leader Eric Cantor said the Republican will not accept a challenge from Chesterfield County’s Democratic Party to meet its own candidate, Wayne Powell, in a free public forum before the Nov. 6 elections.

    Written on Wednesday, 26 September 2012 20:17 Read more...
  • Eric Cantor is not particularly popular in his Republican-leaning district.
    Eric Cantor is not particularly popular in his Republican-leaning district.

    Eric Cantor is not particularly popular in his Republican-leaning district. His personal popularity is 37% favorable, 31% unfavorable. Strongly unfavorable views outnumber strongly favorable ones, 25%- 21%. Cantor’s “re-elect” number is weak: 41% want to re-elect Cantor, while 43% want to replace him.

    Written on Saturday, 22 September 2012 17:13 Read more...
  • Powell TV ad targets Cantor supporters
    Powell TV ad targets Cantor supporters

    Democratic 7th District congressional candidate Wayne Powell is taking his campaign to unseat longterm incumbent Republican Eric Cantor right into the living rooms of central Virginia Republicans. The ad will run district-wide approximately once an hour on Fox News for the entire Convention. The ad buy is indicative of Powell’s strategy of reaching out to all voters regardless of their political affiliation.

    Written on Monday, 27 August 2012 17:44 Read more...
  • Powell slams Cantor at open town hall meeting
    Powell slams Cantor at open town hall meeting

    A Richmond native and attorney like his opponent, Powell is otherwise very different from 49-year-old Cantor, Majority Leader in the U.S. House since 2011, and Culpeper County’s congressional representative since 2000.

    Cantor’s name came up a lot during Thursday’s “Open Town Hall Meeting” hosted by Powell, who was articulate and well received by local constituents in attendance.

    Written on Thursday, 23 August 2012 13:39 Read more...
  • Cantor faces Powell in Sept. 28 debate
    Cantor faces Powell in Sept. 28 debate

    House Majority Leader Eric Cantor, R-7th, will debate Democratic challenger Wayne Powell on Friday, Sept. 28.

    Cantor, who declined to debate Democratic challenger Rick Waugh in 2010, has not debated a Democrat in a general election since 2002, when he squared off with former Georgia congressman and "Dukes of Hazzard" star Ben L. "Cooter" Jones.

    Written on Tuesday, 21 August 2012 15:05 Read more...
  • Look Out, Cantor, Mudcat is Helping Wayne Powell!
    Look Out, Cantor, Mudcat is Helping Wayne Powell!

    It takes courage to look at a roomful of Democrats and confess that you were a consultant on John Edwards’ presidential campaign.

    But that is exactly what Dave “Mudcat” Saunders did at the June 6 Chesterfield Democratic Committee meeting.  Saunders just put it right out there while telling members how he thinks Wayne Powell can beat 7th District Congressman Eric Cantor.

    Written on Friday, 08 June 2012 01:03 Read more...
  • Powell Wins Democratic Bid to Face Cantor in VA 7th (Video Interview)
    Powell Wins Democratic Bid to Face Cantor in VA 7th (Video Interview)

    Wayne Powell, Veteran, Small Business Owner and Local Attorney Is the Democratic Nominee to Oppose Eric Cantor. Says Cantor is “epitome of what is wrong in Washington…a career political operator who is the poster child for Washington gridlock and dysfunction”

    Written on Friday, 13 April 2012 19:21 Read more...
  • Cantor challenger Powell speaks in Culpeper
    Cantor challenger Powell speaks in Culpeper

    “We take care of our own.” That was the major theme of Wayne Powell’s speech Friday at the Raven’s Nest in Culpeper.

    Powell is a Democratic candidate for the 7th District, the seat currently held by House Majority Leader Eric I. Cantor.

    Written on Monday, 09 April 2012 15:51 Read more...
  • Democratic lawyer challenges Representative Cantor
    Democratic lawyer challenges Representative Cantor

    For Wayne Powell, Virginia’s 7th Congressional District “isn’t personal, it’s Cantor.”

    Powell, 62, is challenging Republican incumbent Eric Cantor of Henrico County for his seat in the U.S. House of Representatives. Powell is one of the three candidates running for the spot on the Democratic ballot this fall.

    Written on Thursday, 22 March 2012 10:33 Read more...
  • Democratic hopeful supports Obama
    Democratic hopeful supports Obama

    Wayne Powell wants to be the Democratic Party nominee to challenge House Majority Leader Rep. Eric I. Cantor, R-Henrico, for the 7th District seat in the House of Representatives in November.

    Written on Thursday, 08 March 2012 18:47 Read more...
  • Cantor opponent Wayne Powell to serve as pro bono counsel for some of "Capitol Square 31"

    Earlier this evening I spoke with Wayne Powell, one of three 7th Congressional District Democrats seeking the Democratic Party's nomination to face off against Eric Cantor this November. Powell told me that when he heard what had happened at Virginia's Capitol Square, he hurried downtown to offer his legal services to the protesters that had been arrested.

    Written on Monday, 05 March 2012 02:38 Read more...
  • Wayne Powell reacts to Police Overreaction at Demonstration
    Wayne Powell reacts to Police Overreaction at Demonstration

    E. Wayne Powell, candidate for the Democratic nomination against Eric cantor in the Seventh Congressional District, today released this statement about the incidents at the Capitol.

    Written on Sunday, 04 March 2012 22:51 Read more...
  • Wayne Powell Has an Amazing Week
    Wayne Powell Has an Amazing Week

    E. Wayne Powell, a candidate for the Democratic nomination to take on Eric Cantor in Virginia's 7th Congressional District, has had a really amazing week. It all started last Thursday when Powell received the endorsement of the Progressive Democrats of America's chapter in Virginia's 7th CD.  Powell's education and experience—especially his service in the military—make him exceptionally well equipped to face Cantor. 

    Written on Thursday, 20 October 2011 00:00 Read more...
  • Wayne Powell Receives PDA 7th District Endorsement
    Wayne Powell Receives PDA 7th District Endorsement

    On October 13th members of the PDA 7th District Chapter endorsed candidate E. Wayne Powell.

    Written on Friday, 14 October 2011 00:00 Read more...
  • OWS: The Basis of All That Is Good and Right About Our Country
    OWS: The Basis of All That Is Good and Right About Our Country

    Occasionally I take a long weekend. It’s a chance to take a break from the profession, and the campaign. Last weekend I travelled to New York City. What started as a getaway ended in an exhilarating glimpse of democracy in action.

    Written on Thursday, 06 October 2011 00:00 Read more...
  • "Eric Cantor's War on American Jobs" by E. Wayne Powell
    "Eric Cantor's War on American Jobs" by E. Wayne Powell

    My name is Wayne Powell, and I'm a Democrat running for Congress in Virginia's 7th Congressional District to replace Eric Cantor. Americans need good jobs now.  Let's face it, as a nation we tend to define ourselves by what we do.  I am an attorney and a retired military officer.  When you deny Americans an opportunity to do meaningful work and contribute to their community by providing services, you are attacking a key part of their individual identities.

    Written on Monday, 19 September 2011 00:00 Read more...

Sign the Petition - Sen. Sanders Run as a Democrat in 2016

Button-SandersPetition

VA Endorsed Candidate

WaynePowellGreat

VA-07 E. Wayne Powell
http://www.powellforva.com

Lori Wallach on the TPP from PDA Progressive Roundtable

Progressive Roundtable with Reps. Ellison and Pocan and Lori Wallach on TPP

TPP: The Biggest Threat to the Internet You've Probably Never Heard Of