Colorado Hospitals Make Progress Saving People Money on Health Care
GREENWOOD VILLAGE, COLO. – Oct. 18, 2022
Recent reports from the Centers for Medicare and Medicaid Services (CMS) National Healthcare Expenditure Data show that Colorado hospital costs are better than national averages. Of note:
- In 2020, Coloradans spent $4 billion less than the national average on hospital care.
- Colorado households spend the second lowest amount on hospital costs in the country.
- Hospital costs in Colorado are now 18% lower than the U.S. average and are rising at a slower pace than national trends.
- In the last 10 years, Coloradans have saved $22.5 billion dollars through lower hospital costs, compared to the U.S. average.