NC Insurer Launches Price Transparency Website

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Aimed Alliance applauds a North Carolina insurer for recently launching a price transparency website to show patients how much the insurer pays providers for certain health care tests and services. The move was in response to a price transparency law passed by the state. The website offers a searchable database to outline the costs paid by BC/BS for 1,200 nonemergency procedures. The prices include discounted payments, physician and facilities fees, drug and medical supplies, and consumers’ cost-sharing requirements, among others. Aimed Alliance strongly supports greater transparency in health care pricing and urges more insurers to develop tools to educate consumers on the cost of care. When patients are informed about their out-of-pocket expenses, they will make better decisions regarding their health care. Read the full article at Modern Healthcare here.

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