Hospital, physician prices held down by recession

New data coming in from the federal government from last year suggests that the recession has had some impact on hospital and physician charges, as implicated by their revenues. (No word yet as to whether lower charge growth has been influenced by state efforts capping prices and charges, but I'm betting it will be a factor this year.)

According to data from the U.S. Bureau of Labor Statistics, retail prices charged by doctors rose 2.9 percent in 2008, compared with 4.1 percent the year before. Wholesale prices for physicians were up 1.2 percent last year, compared with 4 percent in 2007.

Hospitals, meanwhile, were up 5.9 percent in 2008, compared with 8.3 percent the year before. Wholesale prices for hospital services, for their part, were up 1.5 percent last year, falling from a 3.8 percent increase in 2007.

To learn more about the survey:
- read this Modern Physician piece

Related Articles:
NJ law caps hospital prices for uninsured
HCA posts hospital prices online

Suggested Articles

Healthcare’s RCM processes are in dire need of a 21st-century update that delivers greater automation and real-time transparency.

Amazon's PillPack and Surescripts, owned by CVS Health and Express Scripts, are in a dispute over access to patient medication history data.

Presidential candidate Kamala Harris wants to get rid of the tax break drug companies get for direct-to-consumer advertising.