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Health Insurance Giants To Unveil Price Information In 2015

The elusive goal to provide consumers more transparency about prices may soon be achieved by a collaborative effort of health insurance giants Aetna AET -0.05% (AET), Humana HUM -0.75% (HUM) and UnitedHealth Group UNH -0.49% (UNH), the three confirmed today.

A nonprofit organization the three work with known as Health Care Cost Institute, a nonpartisan research organization, said the insurance companies will develop and provide consumers “free access to an online tool that will offer consumers the most comprehensive information about the price and quality of health care services.”