News Headlines Article

Health Insurance Pricing Transparency Could Save $36B Annually
Health Leaders Media

About $36 billion could be shaved off the nation’s healthcare tab each year if the cost for 300 common procedures covered under employer-based insurance plans were reduced to their median prices, according to research from Thomson Reuters Healthcare.

The study, Save $36 Billion in U.S. Healthcare Spending Through Pricing Transparency, says cost savings initiatives should include benefit designs that incentivize healthcare consumers to make cost-conscious decisions about their care.