Hospital Drug Prices Are Up to 7 Times Greater Than Medicare Pricing [Fortune]
AllianceBernstein Holding L.P. Units (AB)
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Source: Fortune
Hospital Drug Prices Are Up to 7 Times Greater Than Medicare Pricing A new study shows something many healthcare patients know all too well: hospitals are charging significant premiums on some of the most-used prescription drugs. In a new study of 34 hospital systems, Wall Street firm AllianceBernstein found that the average drug prices in a hospital are three to seven times higher than what Medicare charges for the same medication, according to Axios The data comes as lawmakers, including those on both sides of the aisle and President Donald Trump, have called on the health care industry to reduce their drug prices Meanwhile, already cash-strapped hospitals Within the AllianceBernstein study, an unnamed CEO at a pharmaceutical company said that prices on oncology drugs, in particular, need to remain high. If they didn’t, the person said, “every hospital in the country will go broke.”
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