Hyperinflated hospital charges constitute about one third of the $2.7 trillion spent annually on health care in the United States. According to a study published in the The Journal of the American Medical Association hospital charges are the single largest cause of medical inflation.
According to the International Federation of Health Plans the average cost charged per day by a hospital in the United States is between $4,000 and $5,000 which is more than five times the cost in other developed countries.
The higher cost of American hospitals does not result in higher quality health care…quite the contrary. American hospital are largely unregulated and charge more simply because they can.
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