07 July 2016
In a discussion with MarketWatch, Jeff Hoffman, health care expert at Kurt Salmon, explains that health care pricing varies across the country due to regional cost differences in labor, the building and operation of health care facilities, and malpractice insurance.
“In California, for example, it may cost three times what it does in some other parts of the country to build the health care facility and operating costs are higher there too,” explains Hoffman. “And malpractice insurance may vary widely even within the same city because certain neighborhood hospitals may have higher-risk patients.”
A complete copy of the article is available on the MarketWatch website.