Using CAA-Mandated Price Transparency To Lower Healthcare Spend
Recently RAND released the fifth in a series of employer focused reports: “Prices Paid to Hospitals by Private Health Plans”, the fifth in a series of employer-led transparency reports, developed in conjunction with the Employers Forum of Indiana and funded by the Robert Wood Johnson Foundation. In this report, they focus on average prices paid for hospital services. According to CMS, in 2022, hospital spending accounted for 42% of total personal healthcare spending, making it a great subset of costs to study. But hospital services are not responsible for the majority of costs.