Healthcare cost and policy

Turquoise Health data: price transparency is working

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Price Transparency Is Working! 🚀

Turquoise Health analyzed nearly 400,000 negotiated rates between health systems and insurers for 37 common services across the 10 largest metro areas. The findings are promising:

💡 Rates above the 75th percentile are declining by 6.3% annually!

According to Forrest Xiao, Turquoise’s Director of Quantitative Research, “We’re still in the early days, but we see encouraging signs that price transparency is helping make progress.”

This is a much needed turn in the right direction for healthcare costs. 📉 It turns out sunshine is a pretty good disinfectant. 🦠

Read more about the study and its implications:
👉 Axios article: https://lnkd.in/eZyBv8qj

👉 Turquoise Health white paper:
https://lnkd.in/ekxp48yF

Originally posted on LinkedIn, where the discussion and source links live in the comments.

About the author

Chris Vanderwolk is Director of Compliance and Innovation at OneDigital | Kistler Tiffany Benefits General Agency, where he helps brokers and employers navigate the regulatory complexity of employee benefits. An ERISA attorney with more than 19 years in the benefits industry, he specializes in translating what the law actually requires into language people can use.

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