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7 things to know about healthcare cost transparency
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1 1 prices for medical
services vary... A LOT
prices for medical services vary...
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1 prices for medical services vary... A LOT
take a CT scan
Source: Healthcare Transparency Index
$343
$2,283
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Source: Healthcare Transparency Index
different places charge different things
$6,247 or a knee replacement
$31,160
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Source: Healthcare Transparency Index
no one knows for sure what their doctor or medical center will charge
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BILL
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Source: Healthcare Transparency Index
what is cost transparency?
finding out that difference and understanding quality
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Q:
A:
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2 cost transparency could save us billions
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2 Source: West Health Policy Institute
$15-20 BILLION in ten years
If all private health plans offered cost transparency tools and incented people to use them, the savings could total
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3 even with insurance, people want to know how much their healthcare costs
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Source: TransUnion
63%
37%
of consumers want to know the full cost of their healthcare, including what their insurance company will pay
The remaining only care about their portion of the medical bill
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knowing the cost is more important as CDHPs have grown in popularity 4
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Source: National Business Group on Health
Source: National Business Group on Health
of large employers will offer a CDHP as their ONLY benefit plan option
33%
of large employers will implement or expand CDHPs in 2015
57%
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of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
of consumers with a $10,000 deductible plan have asked about price.
large employers are offering more and more cost transparency tools 5
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of large employers plan to add or expand tools to encourage employees to become better healthcare consumers in 2015
73%
5 © 2015 Change Healthcare CorporationSource: National Business Group on Health
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6 the easiest way to compare costs is with online shopping tools
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6 Source: PwC's Health Research Institute
of people prefer to use an online healthcare shopping website when seeking medical services, such as doctors, procedures and hospitals
43%
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most employers plan to introduce a cost transparency tool soon 7
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7 ARE YOU ONE OF THEM?
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49%
92%
Source: Aon Hewitt
of employers plan to offer cost transparency tools in the next 3-5 years
up from currently
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Download
see what 32 LARGE EMPLOYERS representing over 2 MILLION LIVES have to say about cost transparency
GET THE FULL REPORT HERE
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