Price transparency: a win-win for insurers and consumers
Price transparency is more than just an exercise in being up-front–it’s imperative to improve the bottom line for any health insurer, says a new brief from the nonprofit, Families USA.
Prices vary dramatically by provider, oftentimes with no difference in quality, leaving consumers with a hard time discerning where to get the most value for their money, according to the brief.
“More expensive providers do not necessarily deliver higher-quality care,” writes Lydia Mitts, senior policy analyst for the organization, which advocates for affordable, higher-quality healthcare for U.S. consumers.
Read more: FierceHealthPayer