Most people agree that making the health care system more transparent is a worthy objective; but the devil remains in the details.
"We work in the health care world, and many of us still don't understand the explanation of benefits," said Ryan Work, senior vice president, government relations, for the Self-Insurance Institute of America (SIIA). Work shared his perspectives in a session titled "Price Transparency: Policy and Regulatory Update" at the association's recent Price Transparency Forum in Kansas City.
"The average American family paying $22,000 in premiums gets that bill and their eyes glaze over. The year-over-year growth in health care expenditures is a real issue," he added. "Transparency directly impacts the price of employer-based care, and there is a real opportunity now to bring that cost down."
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