New government rules are forcing insurers to post on websites what they pay for care or be fined, allowing consumers and employers to comparison shop for health services or negotiate better rates.
"When you start doing the math, you're talking trillions of records," he said. The fines the federal government could impose for noncompliance are also heftier than the penalties that hospitals face.and gave insurers more direction on what was expected, said Leibach. Insurers or self-insured employers could be fined as much as $100 a day for each violation and each affected enrollee if they fail to provide the data.
With the addition of the insurers' data, sites like his will be able to drill down further into cost variation from one place to another or among insurers. "These plans are supposed to be acting on behalf of employers in negotiating good rates, and the little insight we have on that shows it has not happened," said
Tens of thousands of employers who buy insurance coverage for their workers will get this more-complete pricing picture — and may not like what they see.Gerard Anderson
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