As Massachusetts became the first state earlier this month to require insurers provide real-time prices for all covered medical services, it's leading the trend toward a more consumer-oriented healthcare insurance industry.
Although narrow networks aren't popular among providers and some states are even urging insurers to widen their provider lists, narrow networks can help lower healthcare costs by reducing patient spending by as much as a third, according to a new paper from the National Bureau of Economic Research.
The Massachusetts healthcare law that attained near-universal insurance coverage was associated with a significant reduced mortality rate, according to a new study in the Annals of Internal Medicine.
While admitting to flaws with the HealthCare.gov website, President Barack Obama pledged to resolve all the complications during a speech in Boston Wednesday. He also said the Massachusetts law, upon which he based his healthcare reform legislation, also struggled during the enrollment stage.
Massachusetts lawmakers have passed first-of-its-kind legislation to limit ever-increasing healthcare costs by saving the state $200 billion during the next 15 years.
Massachusetts now boasts the country's highest rate of residents with health insurance (98 percent), decreased emergency room visits (down 4 percent) and more preventive care visits (up 5.9 percent).