Report Shows Wide Disparity in Hospital Drug Prices

Report Shows Wide Disparity in Hospital Drug Prices

Prescription drug prices charged by hospitals vary by thousands of dollars for the same medication, depending on where the hospital is located and who’s paying, according to a study published by Patients Rights Advocacy. The confusing price structures are often available only in computer files that are unusable by average consumers, despite federal transparency rules. That makes it virtually impossible for patients to make informed decisions on …

Wide disparities found in hospitals’ drug prices

(NPR) – Prices of common drugs for cancer, multiple sclerosis and other conditions can vary widely depending on the hospital where they’re administered, research firm 3 Axis Advisors said in a new report. Why it matters: Hospital pricing remains opaque, and it’s possible for the same drug at the same hospital to have a dozen different prices on the same day, according to the findings prepared for the nonprofit Patient Rights Advocate and provide…