Posted by Michael Wonder on 18 Feb 2019
Hospital drug prices are up to 7 times greater than Medicare pricing
15 February 2019 - A new study shows something many healthcare patients know all too well: hospitals are charging significant premiums on some of the most-used prescription drugs.
In a new study of 34 hospital systems, Wall Street firm AllianceBernstein found that the average drug prices in a hospital are three to seven times higher than what Medicare charges for the same medication, according to Axios, which obtained a copy of the study.
Academic hospitals, which provide care and also train new doctors, had the highest markups on medications. AllianceBernstein also found that generic drug prices at all the hospital systems tended to be higher than brand-name medications.
