Nationwide study by Johns Hopkins shows staggering trends.
Three startling takeaways:
*Americans are being overcharged by more than $3 billion a year for ER services, according to data from Johns Hopkins School of Medicine.
*Bills can be nearly 13 times the rates paid by Medicare for the same services.
*Americans in the Southeast and Midwest, and poor and minority patients, are the most exploited by emergency-room billing practices, especially at for-profit hospitals.
All this according to a nationwide study by the Johns Hopkins School of Medicine, recently published in the Journal of the American Medical Association Internal Medicine. More than 12,000 ER doctors’ billing records were examined. The study describes “routine overcharges” and “price gouging”. Read the synopsis of the study from Johns Hopkins
Read about the problem that’s not going away at CNBC