Health How much health insurers pay for almost everything is about to go public

The Helper

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Consumers, employers and just about everyone else interested in health care prices will soon get an unprecedented look at what insurers pay for care, perhaps helping answer a question that has long dogged those who buy insurance: Are we getting the best deal we can?

Starting July 1, health insurers and self-insured employers must post on websites just about every price they've negotiated with providers for health care services, item by item. About the only exclusion is the prices paid for prescription drugs, except those administered in hospitals or doctors' offices.

The federally required data release could affect future prices or even how employers contract for health care. Many will see for the first time how well their insurers are doing compared with others.

The new rules are far broader than those that went into effect last year requiring hospitals to post their negotiated rates for the public to see. Now insurers must post the amounts paid for "every physician in network, every hospital, every surgery center, every nursing facility," said Jeffrey Leibach, a partner at the consulting firm Guidehouse.

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I believe this is actually a Donald Trump thing that is finally happening. I hardly suspect a regular consumer pouring over all that data but I would expect that very shortly some bright people are going to make a tool that uses that data to help people make more affordable decisions about Health Care! This is a good thing I am thinking!
 
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