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Most medical decisions are made without knowledge of cost because that information has traditionally been unavailable, resulting in consumers being frustrated when surprised by a medical bill. In the U.S., employer-sponsored healthcare plans cover 91% of U.S. workers, and employee benefit costs are the second highest expenditure employers face, behind salaries.1 As employers
2022 MAY 27-- By a News Reporter-Staff News Editor at Health Policy and Law Daily-- Prices paid to hospitals during 2020 by employers and private insurers for both inpatient and outpatient services averaged 224% of what Medicare would have paid, with wide variation in prices among states, according to a new RAND Corporation report. “Employers can use this report to...