These ideas include codifying federal insurer and hospital rules that include billing and reimbursement, patient care and safety standards, and guidelines for managing patient health information, providing robust advanced explanations of benefits, and requiring price transparency at all locations. These solutions would help create a better healthcare market, benefiting consumers by promoting competition and lowering prices.
Price transparency, once realized, would benefit people in a variety of ways. Consider this scenario: Mary is a 45-year-old who needs knee replacement surgery. She has health insurance, but she's concerned about how much she’ll need to pay. Mary uses an online price comparison tool provided by her insurance company to compare the surgery price across different hospitals.
Price transparency can help when it comes to drugs as well. For example: Sarah is a 65-year-old who needs to take medication for a chronic condition. She's concerned about the drug’s price and whether her insurance will cover it. Sarah looks up the list price of the medication on the pharmaceutical company's website and discovers that it's much higher than expected.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dcexaminer - 🏆 6. / 94 Read more »