39% of Consumers Say Health Plan Does Not Offer Price Transparency Tool, HealthMine Survey

By a News Reporter-Staff News Editor at Managed Care Weekly Digest -- - Patients can take better control over their healthcare costs if they know the prices of health services before they receive them. But 39% of insured consumers say their health plan does not offer a tool to help them predict their costs. The data comes from a January 2017 HealthMine survey of 750 consumers with sponsored health insurance (see also HealthMine).

Providing healthcare prices to consumers could reduce U.S. healthcare spending by more than $100 billion during the next decade, according to a 2014 HYPERLINK "http://www.westhealth.org/wp-content/uploads/2015/05/Price-Transparency-Policy-Analysis-FINAL-5-2-14.pdf" nreport by the Gary and Mary West Health Policy Center. Yet most payers are not giving their members access to tools that will help them predict the cost of healthcare services, provider visits, or drug prescriptions.

My health plan offers a digital tool to help me predict the cost of a...

Keywords for this news article include: HealthMine, Managed Care.

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