STAT April 4, 2024
Here’s just the tip of the iceberg: $722.50 for a nurse to push a drug into an IV. $21,500 for ten stitches.
The prices charged by hospitals are exorbitant and rising. Private health insurance premiums paid by working age adults are rising rapidly. Many Americans skip necessary medical care, while those who do get treated can end up bankrupt. With U.S. health care spending reaching $4.5 trillion in 2022, finding ways to cut costs has become increasingly urgent.
An experiment in Oregon shows that states can cap hospital prices without disrupting access to care. Price caps are the maximum price that goods or services can be sold at, backed by the force of law.
In October 2019, Oregon put in...
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