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Hospital Prices for Ordinary Procedures Skyrocketing

The world is getting more expensive, and hospital charges are no exception. New York Times article describes the surges in price for the treatment of common ailments between 2011 and 2012. For chest pain, one of the most common causes of hospital visits, a 10 percent increase was seen in the one-year span, while pneumonia treatment prices rose a staggering 25 percent to $49,284 from $39,217 at the Wuesthoff Medical Center in Florida, a non-profit location where prices are generally below the national average. Currently, there is no explanation as to why the prices have been rising so rapidly, but hospitals continue to spend huge amounts of money in upgrading to digital health records, buying private practices, and merging.

Read it in The New York Times.