Three of the largest U.S. health insurers are reporting incomplete prices in their Transparency in Coverage (TiC) data, making it difficult for employers to compare costs across health plans, according to new research from Simple Healthcare.
Employers are under more pressure than ever to rein in rising healthcare costs. They need access to transparent price data to make coverage more affordable for the nearly 165 million people covered by employer-sponsored insurance.
Simple Healthcare’s research highlights issues and opportunities with insurers’ TiC data, a powerful tool that—when complete, useable, and accurate—equips employers to negotiate lower-cost healthcare for their employees.
The American Journal of Managed Care
Peterson Center on Healthcare Calls on Regulators to Enforce Health Plan Price Transparency Standards
The Center’s Executive Director spoke with BenefitsPRO about the Center’s comment letter to federal regulators offering recommendations to strengthen the TiC rule.
Technical Improvements Could Strengthen Transparency in Coverage Data
White paper from Center grantee Simple Healthcare provides recommendations for improving TiC data that commercial health plans are required to release.
Center Responds to HHS, Treasury, and Labor Proposed Rule on Transparency in Coverage Data Reporting
The Center offers recommendations to improve TiC data quality and reliability, expand file utility for employers, and strengthen compliance and enforcement.