Same Drug. Same Hospital. 2,347 Prices.
Hospitals have been required to post their prices since 2021, but prescription drug prices have stayed buried in files almost no patient can read. PatientRightsAdvocate.org's free Hospital Drug Price Finder changes that. It lets anyone compare what hospitals charge health plans and cash-paying patients for the same medication.
The companion analysis from 3 Axis Advisors is startling. At the same hospital, the highest negotiated price for a drug averages 2,347 times the lowest. Some insurers are paying more than four times the manufacturer's list price.
Direct care practices start from the opposite premise: post the price and keep it simple. When you can see the price, you can shop, and a market can finally work.
Sources: www.patientrightsadvocate.org/hospital-drug-prices-report and www.prnewswire.com/news-releases/patientrightsadvocateorg-launches-nationwide-hospital-drug-price-finder-302705265.html