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Chart showing growth Among large insurers, the lowest reimbursement rates were between 6% and 27% below the mean price, while the highest were 5% to 26% more than the mean price. (Photo: Shutterstock)

Private health care insurers pay at least 25% more for the same hospital services than Medicare, according to a new study from the National Bureau of Economic Research (NBER). The study analyzed $1.8 trillion in hospital charges from 2009 to 2016 from 474 hospitals across 38 U.S. states, relying on information from the American Hospital Utilization Database.

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