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For the second year of open enrollment, both Healthcare.gov and the state exchanges implemented features that help consumers make more informed decisions. However, the sites could increase their transparency even more to ensure consumers have access to data that allows them to compare plans.
The costs for knee and hip replacements--the two fastest-growing medical treatments in the country--vary by more than $20,000, demonstrating that insurers should develop price transparency tools so consumers can shop for the best prices, according to a new report from the Blue Cross Blue Shield Association.
For anyone with even a passing interest in technology, the annual Consumer Electronics Show (CES) is a landlubber's version of The Little Mermaid's collection. There are gadgets and gizmos...
Almost 74 percent of senior executives in the country's largest companies want policies that bring about comprehensive healthcare reform, better quality measurement and increased transparency, according to a new survey from the Pacific Business Group and the Robert Woods Johnson Foundation.
One concept that we hear much about pertaining to the future of healthcare is the need for cost transparency. And when we see reports about the wide variation of costs associated with medical imaging procedures, its easy to see why.
Consumers don't know what health services or procedures cost, so they can't make informed decisions about where and whether they receive care. As it turns out, there are many ways for consumers to get pricing information. So if these tools exist, why don't consumers use them?
Blue Cross Blue Shield of Michigan launched a private health insurance exchange three years ago that has since helped employers control coverage costs and enable consumers to be more aware of how much their healthcare actually costs, reported MiBiz.
Rhode Island recently launched its All-Payer Claims Database (RI-APCD) which will provide data about hospital costs with the intent to achieve higher quality of care at a lower cost.
Despite the benefits of increasing healthcare price transpa rency for patients, putting cost information in front of clinicians may introduce ethical challenges in ensuring patients get appropriate care, according to a po st from Forbes.
When consumers have access to pricing information before they obtain medical services, insurers' claims payments are lower, according to new research published in the Journal of the American Medical Association.
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