Hospital Charges Stats
Based on a comprehensive Hospital Charges Stats analysis, it is estimated that 80% of medical bills contain errors.
22% of privately insured patients received care from out-of-network doctors after 8.9 million ER bills were reviewed by Yale Researches.
Chargemasters, (a comprehensive list of the products, procedures, and services of a hospital) have been reported to be 3 times higher than what a hospital is paid for providing care, giving them leverage in negotiations with insurers.
The New York Law reduced out-of-network billing by 34 percent and lowered in-network emergency physician payments by 9 percent.
Nearly one-third of privately insured Americans receive surprise medical bills.
59 percent of Americans are contacted by a debt collector, while 16 percent of Americans’ credit reports include medical debt, and 1 in 4 Americans has trouble paying a medical bill.
