As of July 1, 2022, 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. The federally required data release could affect future prices along with how employers contract for health insurance. According to Jeffrey Leibach from Guidehouse consulting firm, “now insurers must post the amounts paid for every physician in network, every hospital, every surgery center, every nursing facility.” Per Modern Healthcare, the biggest value of the July data release may well be to shed light on how successful insurers have been at negotiating prices.
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