Breaking News
More () »

Denver's Leading Local News: Weather, Traffic, Sports and more | Denver, Colorado | 9NEWS.com

Colorado hospitals charged insurers significantly more than Medicare paid, national study finds

The study, conducted annually by the RAND Corporation, includes more than 3,100 hospitals.

COLORADO, USA — Colorado's hospitals charged insurance plans and employers more than two and a half times what they were paid by Medicare for the same services, according to a national study that examined 2018 prices from dozens of facilities here.

The study, conducted annually by the RAND Corporation, may provide employers worried about high health costs with more leverage to negotiate with hospitals, experts affiliated with the report said. There is wide variation among Colorado's facilities: Some, like St. Anthony's, charged private payers more than six times what Medicare was paid for outpatient services like clinics. Colorado Plains Medical Center was nearly seven times higher.

Using Medicare is important because it establishes a baseline against which hospitals' prices can be compared. Though hospitals have repeatedly criticized using the metric because they say Medicare doesn't cover their costs, experts said that it provides a needed grounding-point and that Medicare is closer to paying costs than hospitals say.

>> Read the full story on The Denver Gazette.

> Top stories curated daily just for you! Sign up for the 9NEWSLETTER to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.

RELATED: The National Western Stock Show won’t happen in Denver this year for only the second time since 1906

RELATED: American skier Tommy Ford airlifted from course after crash

SUGGESTED VIDEOS: Local stories from 9NEWS