Hoosier healthcare costs


>>>HEALTH CARE IS GETTING VERY EXPENSIVE FOR HOOSIERS. ALL OF US, REALLY. AND IT’S A PAIN YOU’VE PROBABLY FELT IN YOUR OWN BUDGET.>>BUT GET THIS. WE’RE ACTUALLY PAYING HUNDREDS OF DOLLARS MORE FOR HEALTHCARE THAN THE NATIONAL AVERAGE. A NEW STUDY FROM BALL STATE OUT TODAY BLAMES A GROWING MONOPOLY BY NOT-FOR-PROFIT HOSPITALS.>>TONIGHT AT 6:00, OUR OWN JENNIE RUNEVITCH SHOWS US HOW MUCH IT’S COSTING FAMILIES.>>Reporter: THE BALL STATE PROFESSOR WHO CRUNCHED THE NUMBERS WAS SHOCKED AT WHAT HE FOUND. THE STUDY SHOWS OUR HEALTH CARE COSTS HAVE EXPLODED RECENTLY. TWENTY YEARS AGO, HOOSIERS WERE SPENDING ABOUT $330 PER PERSON PER YEAR BELOW THE NATIONAL AVERAGE FOR HEALTH CARE. BUT NOW WE’RE EACH SPENDING ABOUT $800 A YEAR ABOVE THE NATIONAL AVERAGE. THE REASON? IT’S LIKE THE GAME “MONOPOLY”. MORE HOSPITALS IN INDIANA ARE MERGING AND CONSOLIDATING, AND THERE’S JUST NO COMPETITION IN MANY COMMUNITIES, SO THEY CAN CHARGE WHATEVER THEY WANT. PLUS THESE ARE NOT-FOR-PROFIT HOSPITALS, BUT THE STUDY FOUND THEY’RE RAKING IN BIG BUCKS. TAKE A LOOK. NOT-FOR-PROFIT HOSPITALS HAVE ACCRUED NEARLY $30 BILLION IN PROFITS THROUGH 2017. IN COMPARISON, THAT AMOUNT IS 12-TIMES MORE THAN WHAT THE ENTIRE STATE OF INDIANA HAS IN ITS FINANCIAL RESERVES. AND WHAT YOU PAY AT THE HOSPITAL DEPENDS ON WHERE YOU LIVE.>>HAVING A BABY, A NORMAL CHILD, NORMAL BIRTH, CAN COST TWICE AS MUCH IN A HOSPITAL WHERE THERE’S NO COMPETITORS WITHIN AN HOUR’S DRIVE AS IT WOULD IN INDY, WHERE THERE ARE A LOT OF COMPETING HOSPITALS. SO FOR THE INDIVIDUAL HOUSEHOLD, THEY’RE PAYING A DEDUCTIBLE THAT’S GOING TO BE MORE EXPENSIVE, BUT THEIR INSURANCE COMPANY AND THEIR BUSINESS, IF THEY’RE EMPLOYER-BASED HEALTH INSURANCE — ARE PAYING A LOT MORE FOR THOSE SERVICES.>>Reporter: THIS STUDY SAYS THESE MONOPOLIES ARE ALSO HURTING OUR COMMUNITIES. NOT-FOR-PROFIT HOSPITALS DON’T PAY INCOME OR PROPERTY TAXES, SO THE MONEY THEY’RE MAKING ISN’T GOING TO SCHOOLS OR PARKS OR POLICE AND FIRE DEPARTMENTS. PROFESSOR HICKS BELIEVES THAT SHOULD CHANGE. SCOTT AND ANDREA?>>JENNIE, THANK YOU.>>IF YOU’D LIKE TO TAKE A

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