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September 14, 2011

Cost of hospital stay rises in Maryland

The cost of a hospital stay in Maryland is on the rise, but not as much as that nationally, according to a report released today by the Maryland Health Services Cost Review Commission.

The average cost to stay in a Maryland hospital was $10,983 in fiscal year 2010, compared to $10,767 the previous year, according to the report. The 2 percent increase was lower than that nationally where the cost of a hospital stay increased 3 percent.

The markup - or difference between hospital costs and what hospitals ultimately charge patients - is also the lowest in the nation, the report found. The average markup was 24.5 percent for Maryland hospitals compared to 198 percent nationwide, according to the state report.

Maryland's rate setting system is different from the rest of the nation in that the commission sets the same rates for everybody. It allows for everyone to share in the cost of uncompensated care and makes it harder for hospitals to shift costs to the employers that pay insurance premiums.

The report released today also found that the state's uncompensated care dropped to $926 million in fiscal 2010 to $999 million the previous year.

Posted by Andrea Walker at 1:33 PM | | Comments (0)
Categories: General Health
        

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About Picture of Health
Meredith CohnMeredith Cohn has been a reporter since 1991, covering everything from politics and airlines to the environment and medicine. A runner since junior high and a particular eater for almost as long, she tries to keep up on health and fitness trends. Her aim is to bring you the latest news and information from the local and national medical and wellness communities.

Andrea K. WalkerAndrea K. Walker knows it’s weird to some people, but she has a fascination with fitness, diseases, medicine and other health-related topics. She subscribes to a variety of health and fitness magazines and becomes easily engrossed in the latest research in health and science. An exercise fanatic, she’s probably tried just about every fitness activity there is. Her favorites are running, yoga and kickboxing. So it is probably fitting that she has been assigned to cover the business of healthcare and to become a regular contributor to this blog. Andrea has been at The Sun for nearly 10 years, covering manufacturing, retail , airlines and small and minority business. She looks forward to telling readers about the latest health news.
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