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39% of Consumers Say Health Plan Does Not Offer Price Transparency Tool, HealthMine Survey

DALLAS, April 19, 2017 /PRNewswire/ -- Patients can take better control over their healthcare costs if they know the prices of health services before they receive them. But 39% of insured consumers say their health plan does not offer a tool to help them predict their costs. The data comes from a January 2017 HealthMine survey of 750 consumers with sponsored health insurance.

Providing healthcare prices to consumers could reduce U.S. healthcare spending by more than $100 billion during the next decade, according to a 2014 report by the Gary and Mary West Health Policy Center. Yet most payers are not giving their members access to tools that will help them predict the cost of healthcare services, provider visits, or drug prescriptions.

My health plan offers a digital tool to help me predict the cost of a…

Answer

Percent

Nothing—no tool to predict healthcare costs

39%

Doctor visit

38%

Drug prescription

37%

Healthcare service (imaging, lab, other procedure)

36%

About the Survey
The HealthMine Health Plan Intelligence Survey queried 750 insured consumers who are enrolled in a wellness program. The survey was fielded by Survey Sampling International (SSI) in January 2017. Data were collected via an opt-in panel. The margin of error is 4%. Survey Sampling International (SSI) has been the Worldwide Leader in Survey Sampling and Data Collection Solutions, across every mode, for 37 Years.

About HealthMine
HealthMine is a leading healthcare technology company that delivers Health Intelligence for plan members and plan sponsors. HealthMine's cloud-based Health Intelligence Solution facilitates better health outcomes and lowers healthcare costs by providing: 1) insight into health status and risk, 2) clinical guidance on necessary health actions, 3) personalized motivation to close gaps in care and 4) measurement of outcomes. The Health Intelligence Solution derives business value from all clinical and lifestyle health data including data from existing wellness programs. HealthMine has more than 1 million users and has saved health plan sponsors more than $100 million in healthcare costs. HealthMine is on the web at www.healthmine.com.

 

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