A new analysis from The Moran Company found nearly one in five hospitals marks up medicine prices 700 percent or more. With this 700 percent markup, a $150 medicine purchased by a hospital could cost patients up to $1,050.
The study, which was commissioned by PhRMA and looked at total costs and charges for all medicines from 3,792 hospitals using Centers for Medicare and Medicaid Services (CMS) data, also found:
- Hospitals marked up the price of medicines, on average, nearly 500 percent, a number that mirrors a previous Moran analysis of 20 medicines
- Eight percent of the hospitals included in the study (320 total) marked up some medicine prices more than 1,000 percent
