OnDemand WTP Pricing Research

Tag: Transparent Pricing

Drug Pricing War Leads CVS And Walmart To Part Ways | The Daily Caller

Drug Pricing War Leads CVS And Walmart To Part Ways | The Daily Caller

Walmart and CVS Health’s pharmacy benefit management (PBM) division announced they’re parting ways Tuesday, and it’s a split that could disproportionately impact rural patients, health care entrepreneur Dave Chase told The Daily Caller News Foundation. The split was brought on by a pricing dispute and means that many people who have CVS Health drug plans […]

House Dems announce sweeping investigation of drug pricing | WCJB ABC 20

House Dems announce sweeping investigation of drug pricing | WCJB ABC 20

WASHINGTON (AP) — House Democrats announced a sweeping investigation Monday of the pharmaceutical industry’s pricing practices, jockeying for the upper hand with the Trump administration on an issue that concerns Americans across the political spectrum. Oversight and Reform Committee Chairman Elijah Cummings said he’s sent letters to 12 major drugmakers seeking detailed information and documents […]

Will the New Hospital Pricing Transparency Law Be Effective? | The Legal Examiner

Will the New Hospital Pricing Transparency Law Be Effective? | The Legal Examiner

On Jan. 1, a new law came into effect that requires hospitals in the United States to post the prices of all of their offered services and procedures online. This law, called the Inpatient Prospective Payment System rule, was designed with the intention of increasing medical bill transparency for patients. Some worry, however, that the […]

You can now look up charges at your local hospital. Good luck understanding them |  Vox

You can now look up charges at your local hospital. Good luck understanding them | Vox

The Trump administration rang in 2019 by enacting a seemingly great health care policy: requiring all hospitals to list the price of their most common procedures on their websites. The whole idea was to make the American health care system more transparent, allowing patients to research the cost of care at thousands of hospitals across […]

Hospitals disclose standard prices, but actual costs are hazy | VTDigger

Hospitals disclose standard prices, but actual costs are hazy | VTDigger

CMS announced the pricing-rule change in August, and it took effect Jan. 1. On Thursday, Verma had a conference call with reporters to explain her agency’s rationale. As health care costs “continue to skyrocket,” Verma said, “price and quality transparency in health care is one of the top priorities for CMS and the Trump administration.” […]

Posting hospital prices online is just one step toward transparency | Crain’s Cleveland Business

Posting hospital prices online is just one step toward transparency | Crain’s Cleveland Business

Following the Jan. 1 implementation of a Trump administration rule, patients can find extensive lists online of hospitals’ charges for various services and procedures. Making the lists of medical codes, abbreviations and price tags — called chargemasters — publicly available is a step forward in price transparency, especially as it gives consumers a better view […]

J&J hikes US prices for a basket of drugs, including certain top-sellers | Reuters

J&J hikes US prices for a basket of drugs, including certain top-sellers | Reuters

As De­mo­c­ra­tic mem­bers of Con­gress pro­posed leg­is­la­tion to curb soar­ing drug prices on Thurs­day, the world’s biggest drug­maker by rev­enue John­son & John­son $JNJ raised prices for about two dozen of its pre­scrip­tion med­i­cines, adding to the hun­dreds of price hikes al­ready ini­ti­ated by var­i­ous drug­mak­ers in 2019. Most of the in­creases on J&J’s drugs — […]

Blowback on CMS price transparency rule | POLITICO

Blowback on CMS price transparency rule | POLITICO

Disruption and innovation are changing the health care landscape — altering the delivery of care and the doctor-patient relationship; how medical institutions train talent; and the way the government regulates health care. Join POLITICO for a high-level conversation with experts from the technology and health care sectors, government and consumer advocacy groups, as we explore […]

Patient visibility into out-of-pocket prescription costs takes on added importance in January | BioPharma Dive

Patient visibility into out-of-pocket prescription costs takes on added importance in January | BioPharma Dive

Between pending federal legislation on price transparency and the rising tide of patient self-empowerment, there has never been more focus on closing the gap between patients’ prescription out-of-pocket (OOP) costs and what they can afford to pay. In January 2019, healthcare providers are rapidly adopting new technologies to help them to meet this growing demand […]

Her insurer’s price tool estimated less than $1,375 for a breast MRI. Then she got a bill for $3,200. | The Philadelphia Inquirer

Her insurer’s price tool estimated less than $1,375 for a breast MRI. Then she got a bill for $3,200. | The Philadelphia Inquirer

Michelle Smith knew the breast MRI her doctor ordered wouldn’t be covered in full by her insurance, so she turned to an online tool that her insurance company developed to help patients estimate prices. UnitedHealthcare’s price estimator told the 51-year-old Delaware County resident that the cost for the procedure in her area ranged from $783 […]