Monday, March 21, 2016

Adam Smith's Invisible Hand - NOT

 NOTE: 
           Each hospital programs a "Chargemaster" to establish the amount it will charge its patients.          
           Theory is, this should provide a certain degree of control over the amounts Florida Hospitals charge their patient - and thus combat the historic increase in health care costs.        
           Following are the trends in Broward County hospital patient care charges for certain specific "Chronic Diseases" tracked by the state's Agency for Health Care Administration.
           So, does monitoring hospital patient care costs appear to be working in this case - or do hospitals charges appear to involve the dynamics of a Persian Market as opposed to Adam Smith's "Invisible Hand" allegedly at work in a "Free Market"?
           Oh yes.
           The amouunts below are gross charges for which uninsured patients are legally responsible!    
                       
Chronic Illness - Diabetes
Hospitals                      2008              2014
Broward Medical           $52,108           $55,357
Coral Springs                  $35,205           $34,258
Imperial Point                 $30,610           $27,516
North Broward               $35,478           $42,572

Memorial Miramar        $33,503          $59,374
Memorial Pembroke       $41,183           $63,723
Memorial Regional         $49,145          $78,962
Memorial South               $33,948         $46,515
Memorial West                 $39,224         $71,867

Cleveland Clinic               $35,750          $47,371
Florida Medical               $66,580          $82,482
Holy Cross                        $61,441           $56,373
Northwest*                       $46,755          $85,120 
Plantation*                       $50,280         $70,401    
University*                        $39,917          $62,885
Westside*                           $53,523          $77,742

Chronic Disease - Congestive Heart Failure

Hospitals                      2008              2014
Broward Medical            $79,280          $83.645
Coral Springs                   $52,494          $39,753
Imperial Point                  $37,682          $31,657
North Broward                $39,242          $48,920
Memorial Miramar        $32,173            $55,673
Memorial Pembroke       $34,950          $51,150
Memorial Regional         $45,085          $75,090
Memorial South               $32,198          $43,394
Memorial West                 $35,333          $67,625
Cleveland Clinic               $43,648          $52,442
Florida Medical               $90,418          $103,908
Holy Cross                        $70,460         $65,475
Northwest*                       $58,882         $105,247
Plantation*                       $86,009        $120,293
University*                       $51,416          $73,186
Westside*                          $83,095         $101,638

*HCA Hospital - A for profit chain where Florida Governor Rick Scott once served as CEO.  JKdeG

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