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Detailed text transcripts for TV channel - MSNBC - 20100625:20:45:00

America, citigroup and morgan stanley because they lever it up and the access is a way to hide it. it s an easy sell to you at home. it s a home run for senator brown. and it s a home run for the banksters who get to continue to take the money and assign the risk to you. and you wonder why we call this a gift from wall street. if you re watching this show, you know. now we can hope the fine voters of massachusetts will realize what we already know about senator scott brown when he s up for re-election. last night was a humdinger. we told you yesterday in our dig list about how a markup began on senator coburn s effort to try to bring a transparent earmark data base that all of us could search and see who were getting earmarks for what and where. ....

Morgan Stanley , Wall Street Bill , Senator Brown , Home Run , Last Night , Re Election , Dig List , Data Base , Senator Coburn ,

Detailed text transcripts for TV channel - CNN - 20100428:11:28:00

Nationally, markups are 180% we re told. that just seems most consumers, that seems like a huge markup. you ll find markups in every walk of life. it depends upon the variables, the cost of providing that service and the factor how much do you then in fact get paid. reporter: other states right next to maryland charge so much more than what we charge in maryla maryland. everyone doesn t have the same type of pay system. reporter: how does maryland keep the markup so low? they establish the rates for each hospital in maryland. reporter: so maryland takes care of patients more inexpensively. let s not forget about the patient here. does that hurt our patient that maryland is spending less money on him? no, in fact, the quality of care at johns hopkins and quality of care in the hospitals in maryland is all quite good. no doubt, elizabeth, if you ....

Hope It Doesn T , Pay System , Elizabeth Cohen , Johns Hopkins , No Doubt ,

Detailed text transcripts for TV channel - CNN - 20100428:11:26:00

Not likely. that s what thousands of americans do when they check into a hospital. hospitals on average charge 180% above costs for their services. except in maryland, where state regulation means hospital s charge a whole lot less. elizabeth cohen now with part three of our prescription for waste. reporter: i m her at johns hopkins. let s say they brought someone in who just had a heart attack, the drugs and nurses, all of that. hopkins, like other hospitals, on top of that charges a profit margin, a markup, if you will. to talk about the markups, i m here with professor apder son. how much of a markup do they charge? 21%. reporter: other hospitals and other states in the country, do they also charge 21% markup. no it s only maryland that does it. ....

Hospitals Charge , State Regulation , Elizabeth Cohen , Johns Hopkins , Heart Attack , Profit Margin , She Isnt Buying It , Professor Apder Son ,

Detailed text transcripts for TV channel - CNN - 20100428:11:27:00

Other states markups are much higher. reporter: i m going to take a tour of states around maryland to see how much it cost there to have a heart attack. i ve just crossed the line into delaware where they markup prices by 85%. remember, in maryland, they only mark up prices by 21%. wait. it gets even worse. just cross the line into pennsylvania, and they have a 277% markup. this heart attack is getting very expensive, but wait, we still have one more state to go. in new jersey, hospitals hike their prices higher than any other state in the country, 326%. i wanted to understand why hospitals mark up their prices this way. i ve come here to ask the president of the american hospital association. ....

She Isnt Buying It , Heart Attack , New Jersey , Long Way To Go , American Hospital Association ,

Detailed text transcripts for TV channel - CNN - 20100428:11:29:00

Get sick, johns hopkins is a great place to go to get treated. if the state of maryland can cap what hospitals can charge, why can t every state do this? reporter: it s interesting, john. back in the 70s and 80s, various states tried it and you know what, they went right back to the old system. and i ll bet you can guess why. hospitals don t make as much money when you do what maryland is doing. the hospitals said, forget it. new jersey hospitals that you showed us, do they get paid all of the extra charges they ask for? reporter: they don t. they don t usually make the full markup. they negotiate a price lower than that, but still significantly higher than what they get in maryland. what do hospitals in new jersey and elsewhere get? we don t know because the negotiations between insurance companies and hospitals are kept secret. when you get your bill, you ....

John Roberts , Johns Hopkins , 70s And 80s , Fraying Regulatory System , New Jersey , They Don T , Arizona Immigration Bill , Insurance Companies ,