Why do some hospitals charge 20 or even 40 times more than others? – Does the Industry Need to be Regulated?

Hospitals within the same city sometimes charge tens of thousands of dollars more for the same treatment, according to figures the government released publicly for the first time Wednesday. The federal list sheds new light on the mystery of just how high a hospital bill might go — and whether it’s cheaper for uninsured patients to get the care somewhere else.

But it doesn’t answer the big question: Why do some hospitals charge 20 or even 40 times more than others?

Full Story: http://www.timesfreepress.com/news/2013/may/09/some-hospitals-charge-vastly-more-same-care/