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Based on how they framed it, I am not too surprised it is in the NYT. Headline: Many Hospitals Charge Double or Even Triple What Medicare Would Pay You have t

Based on how they framed it, I am not too surprised it is in the NYT. Headline: Many Hospitals Charge Double or Even Triple What Medicare Would Pay You have to get about 80% of the way through to read a more accurate version of the truth: "Medicare payment rates, which reimburse below the cost of care, should not be held as a standard benchmark for hospital prices”

excoder 7y ago
If you’re going to quote the article, I think it’s important to include context. So let’s broaden your article quote (that is, the article is quoting someone else) just a smidge: “Medicare payment rates, which reimburse below the cost of care, should not be held as a standard benchmark for hospital prices,” said Melinda Hatton, general counsel for the American Hospital Association, AN INDUSTRY TRADE GROUP, in an emailed statement. [emphasis mine] You claim that the quoted statement is more accurate / truthful than the statement that private insurers pay more than the Medicare rate, and seem to imply that the Times’ reporting is biased. Did I get that right? Would you like to furnish some support for those claims?
- ymck 7y ago
  Check any of the studies from the AHA, AMA, Beckers, or any of the financial institutions/investment firms reporting on the healthcare sector. It's ugly out there. Beckers tracked 20+ health care orgs that went bankrupt in 2018, Morgan Stanley reported 450 being at risk for 2019. Some links: https://www.beckershospitalreview.com/finance/21-hospital-closures-in-2018.html https://www.beckershospitalreview.com/finance/21-hospital-cl... https://www.beckershospitalreview.com/finance/450-hospitals-at-risk-of-potential-closure-morgan-stanley-analysis-finds.html https://www.beckershospitalreview.com/finance/450-hospitals-... https://www.bloomberg.com/news/articles/2018-08-21/hospitals-are-getting-eaten-away-by-market-trends-analysts-say https://www.bloomberg.com/news/articles/2018-08-21/hospitals... https://www.beckershospitalreview.com/finance/12-latest-hospital-bankruptcies-041019.html https://www.beckershospitalreview.com/finance/12-latest-hosp...

excoder 7y ago

If you’re going to quote the article, I think it’s important to include context. So let’s broaden your article quote (that is, the article is quoting someone else) just a smidge: “Medicare payment rates, which reimburse below the cost of care, should not be held as a standard benchmark for hospital prices,” said Melinda Hatton, general counsel for the American Hospital Association, AN INDUSTRY TRADE GROUP, in an emailed statement. [emphasis mine] You claim that the quoted statement is more accurate / truthful than the statement that private insurers pay more than the Medicare rate, and seem to imply that the Times’ reporting is biased. Did I get that right? Would you like to furnish some support for those claims?

ymck 7y ago
Check any of the studies from the AHA, AMA, Beckers, or any of the financial institutions/investment firms reporting on the healthcare sector. It's ugly out there. Beckers tracked 20+ health care orgs that went bankrupt in 2018, Morgan Stanley reported 450 being at risk for 2019. Some links: https://www.beckershospitalreview.com/finance/21-hospital-closures-in-2018.html https://www.beckershospitalreview.com/finance/21-hospital-cl... https://www.beckershospitalreview.com/finance/450-hospitals-at-risk-of-potential-closure-morgan-stanley-analysis-finds.html https://www.beckershospitalreview.com/finance/450-hospitals-... https://www.bloomberg.com/news/articles/2018-08-21/hospitals-are-getting-eaten-away-by-market-trends-analysts-say https://www.bloomberg.com/news/articles/2018-08-21/hospitals... https://www.beckershospitalreview.com/finance/12-latest-hospital-bankruptcies-041019.html https://www.beckershospitalreview.com/finance/12-latest-hosp...