Tag: Price Transparency

Price Transparency in Healthcare Will Save Trillions | Economics21

Price Transparency in Healthcare Will Save Trillions | Economics21

While care is largely delivered by private insurers, hospitals, and physicians, each of those groups is influenced by price controls and regulations that stymie their entrepreneurial spirit. Too often, consumers experience “the system” as unresponsive behemoths. What’s more, health insurance obscures the true cost of care from patients, removing any incentive to shop for value, […]

CMS Proposes Site-Neutral Payments, Drug Price Negotiation | Health Payer Intelligence

CMS Proposes Site-Neutral Payments, Drug Price Negotiation | Health Payer Intelligence

“If finalized, this proposal is projected to save patients about $150 million in lower copayments for clinic visits provided at an off-campus hospital outpatient department,” the agency said in a press release. “CMS is also proposing to close a potential loophole through which providers are billing patients more for visits in hospital outpatient departments when […]

Health Payer Introduces Price Shopping Tool to Drive Care Quality | Patient EngagementHIT

Health Payer Introduces Price Shopping Tool to Drive Care Quality | Patient EngagementHIT

Previously, Blue Cross NC has offered patients access to price transparency tool Blue Connect, which allows patients to view cost estimates for various procedures. While all patients will still have access to Blue Connect, Blue Cross NC will begin rolling out the SmartShopper tool to patients covered by one of the payer’s large employer-sponsored healthcare […]

The problem with price transparency: ‘Price’ doesn’t always mean ‘out-of-pocket’ cost, says NorthShore Assistant VP Justin Brueck | Becker’s Hospital Review

The problem with price transparency: ‘Price’ doesn’t always mean ‘out-of-pocket’ cost, says NorthShore Assistant VP Justin Brueck | Becker’s Hospital Review

Q: What is the biggest barrier to price transparency in the healthcare industry?  JB: One of the biggest barriers in price transparency is that many health system contracts have payer confidentiality provisions, which makes it difficult to discuss such matters. Additionally, we must remember that ‘price’ does not necessarily reflect ‘out-of-pocket’ cost — and out-of-pocket […]

Private White VC unveils transparent pricing manifesto | Drapers

Private White VC unveils transparent pricing manifesto | Drapers

British premium menswear label Private White VC has launched a transparent pricing manifesto, setting out exactly how it calculates the cost of one of its raincoats. The company said it doesn’t inflate its prices to account for middlemen, distributors or agencies, nor does it add extra margins to bolster profit during ad-hoc promotions or flash […]

Will Patients Benefit From Pharma’s Pause on Drug Price Increases? | Center for Biosimilars

Will Patients Benefit From Pharma’s Pause on Drug Price Increases? | Center for Biosimilars

Last week, drug manufacturer Merck announced that it will be taking part in several strategies to establish “responsible pricing” going forward, joining the ranks of some of the latest companies taking similar actions, including Novartis and Pfizer. However, the question remains whether patients will be able to feel any cost savings from halts to price […]

Here’s Why Big Pharma Loves This Plan to Lower Drug Prices | The Motley Fool

Here’s Why Big Pharma Loves This Plan to Lower Drug Prices | The Motley Fool

The White House is currently mulling a proposal that could slash list prices on branded drugs. If you find that hard to believe, this next one will make your head explode: We can expect Big Pharma to put a lot of weight behind this proposal’s passage. The Health and Human Services Department (HHS) recently submitted […]

Maryland broadens hospital price transparency initiative | Healthcare Dive

Maryland broadens hospital price transparency initiative | Healthcare Dive

Maryland has high hopes that its all-payer model will cut costs and reduce hospital use, and this program is aimed to push consumers to help drive those costs down. The state’s pricing initiatives are worth watching. According to a recent JAMA Network report, hospitals are generally not getting better at providing price estimates for procedures, despite […]

Merck’s price cuts are flashy, but no more benevolent than Pfizer’s freeze: analysts | FiercePharma

Merck’s price cuts are flashy, but no more benevolent than Pfizer’s freeze: analysts | FiercePharma

Little more than a week after Pfizer drew praise from President Donald Trump for simply delaying planned price increases on 40 drugs, Merck & Co. pledged several strategies for “responsible pricing,” including slashing the price of its hepatitis C drug Zepatier by 60% and instituting price-hike controls across its entire portfolio. At first glance, it […]

Drug Manufacturers Raise Prices | Heartland Institute

Drug Manufacturers Raise Prices | Heartland Institute

Several major drug manufacturers raised list prices for many drugs in July, two months after President Donald Trump offered his blueprint to lower prescription medication costs. The announced price increases by Pfizer, Inc., Bayer, Novartis, and several other drug makers hike drug prices by an estimated 9.4 percent, with double-digit increases expected for the year […]