Typical markup
4.1x over Medicare
volume-weighted across all services
See what Medicare actually pays versus what providers bill, for 9,297 procedures, in plain English.
Compare actual Medicare payments for 9,297 procedures across 5,426 hospitals and 56 states and territories, with RAND-derived commercial and cash-price estimates. Populations: CMS Medicare Part B claims (2023); RAND 2024 commercial-to-Medicare ratios; CMS Hospital Compare ratings (separate schedule).
According to the Centers for Medicare & Medicaid Services (CMS), the 2023 Medicare Physician & Other Practitioners dataset records payments for 9,297 procedure codes billed across 5,426 hospitals in 56 states and territories; see our methodology for how each figure is sourced and computed.
The short answer
According to CMS 2023 Part B claims, K1034 is #1 of 9,297 by national service volume (153.5 million services) at markup rank 4302 of 4,435 (1.4x) ≠ 95938 #1 markup at 76.4x (volume #1193).
Source: CMS Medicare Physician & Other Practitioners, 2023. Volume rank is national service count; markup rank is billed charge ÷ Medicare payment among codes with payment above $10 and more than 1,000 services.
Across 9,297 procedures, the typical service is billed about 4.1x what Medicare actually pays (volume-weighted). Here is the average markup for the highest-volume procedure categories.
Typical markup
4.1x over Medicare
volume-weighted across all services
Procedures tracked
9,297 HCPCS codes
Highest-markup category
5.6x Medicine
States & territories
56 covered
Total annual Medicare Part B services across 56 states and territories
Drugs (Administered) combines high service volume (1.3B services) with a 4.2x markup -- the category where the total billed-vs-Medicare gap is largest in dollar terms, not just in ratio.
Volume vs. markup by procedure category: Drugs (Administered), 1.3B annual services, 4.2x markup. Medicine, 281.4M annual services, 5.6x markup. Office Visit, 218.9M annual services, 4.0x markup. Temporary Codes, 204.2M annual services, 3.4x markup. Medical Supplies, 182.0M annual services, 3.3x markup. DME (Temporary), 153.5M annual services, 3.3x markup. Blood Test, 131.5M annual services, 6.4x markup. Hospital Visit, 86.8M annual services, 4.1x markup. Laboratory, 86.4M annual services, 6.1x markup. Emergency, 65.6M annual services, 4.4x markup. Skin/Integumentary Surgery, 59.4M annual services, 5.7x markup. X-Ray, 51.6M annual services, 5.4x markup. Pathology Services, 47.5M annual services, 4.1x markup. Cardiovascular Surgery, 44.8M annual services, 7.0x markup. Temporary Procedures, 41.2M annual services, 4.0x markup. Cardiac Testing, 33.1M annual services, 7.2x markup. Urinalysis, 29.3M annual services, 5.4x markup. CT Scan, 28.5M annual services, 6.9x markup.
Top 10 by total Medicare services performed in 2023.
73 procedure categories covering all of medicine.
The biggest price spreads between what Medicare pays in different states.
Procedure costs by state and territory.
PlainProcedure makes healthcare costs transparent by showing what Medicare actually pays vs. what providers charge for 9,297 medical procedures. We help you understand price variation across states and providers.
Three populations, not one dump: (1) Medicare payment, billed charge, and utilization figures from the CMS Medicare Physician & Other Practitioners dataset for calendar year 2023; (2) commercial and cash-price estimates that apply RAND Hospital Price Transparency Study (4th Edition, 2024) commercial-to-Medicare ratios to that Medicare baseline; (3) hospital quality ratings from CMS Hospital Compare on a separate rolling extract. Do not treat RAND estimates or Hospital Compare ratings as 2023 Medicare claims.
The Medicare payment is what the government actually pays for a procedure. The billed charge (submitted charge) is what the provider bills. The difference, or markup, shows how much above the Medicare rate a provider charges. Patients without insurance may be billed closer to the submitted charge.
Yes. All data and tools are completely free to use. CMS data is public domain.
In-depth resources to help you understand medical costs and billing.
Original analysis from our editorial process, every statistic derived from our own database. See all research.
Weighted by how often each procedure is performed, US providers bill roughly 4.1x the Medicare rate. The simple per-code average is higher because a small tail of near-zero-payment drug and vaccine codes produces extreme ratios, which we exclude from typical-markup figures.
ResearchCMS Medicare data shows COVID-19 testing (153M services) Established Patient 30-39 minute visits (100M) and Ground Mileage (99M) leading US procedure volumes, with the top-10 codes collectively delivering more than 1 billion annual Medicare services.
ResearchCMS Medicare state rollups show California (364M services) Florida (348M) and Texas (274M) leading US states by Medicare physician-service volume, with the top-3 states collectively delivering 985M services and an average $303-$347 Medicare payment per service.
Using this data
Medicare's rate is the baseline -- your own procedure, provider, and state decide what you actually pay.
Figures are CMS 2023 Medicare Part B averages; markup ratios apply RAND Hospital Price Transparency Study estimates to that baseline. Benchmarks, not a quote for any specific bill.
About this data
PlainProcedure makes healthcare costs transparent by showing what Medicare actually pays versus what providers charge for over 9,000 medical procedures. Every figure comes from the CMS Medicare Physician & Other Practitioners dataset, aggregated Medicare Part B fee-for-service claims, not estimates or survey data.
PlainProcedure is not affiliated with CMS, Medicare, or any government agency, and does not accept payment, sponsorship, or promoted placement from providers, hospitals, manufacturers, or any healthcare entity. Found an error? Email hello@plainprocedure.com. See our methodology for full source attribution.
PlainProcedure makes healthcare costs transparent by showing what Medicare actually pays vs. what providers charge for 9,297 medical procedures. We help you understand price variation across states and providers.
Three populations, not one dump: (1) Medicare payment, billed charge, and utilization figures from the CMS Medicare Physician & Other Practitioners dataset for calendar year 2023; (2) commercial and cash-price estimates that apply RAND Hospital Price Transparency Study (4th Edition, 2024) commercial-to-Medicare ratios to that Medicare baseline; (3) hospital quality ratings from CMS Hospital Compare on a separate rolling extract. Do not treat RAND estimates or Hospital Compare ratings as 2023 Medicare claims.
The Medicare payment is what the government actually pays for a procedure. The billed charge (submitted charge) is what the provider bills. The difference, or markup, shows how much above the Medicare rate a provider charges. Patients without insurance may be billed closer to the submitted charge.
Yes. All data and tools are completely free to use. CMS data is public domain.
Every figure on PlainProcedure is rendered directly from CMS Medicare Physician & Other Practitioners data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, the data changelog, or report a data error. Data current as of March 2026.
Download the jurisdiction extract used on this site: cms-procedure-cost-by-state.csv (state/territory Medicare payment, billed charge, services, and provider counts). Full national reference on statistics.