Hospitals, Insurers Posting Price Data Under Transparency Rules

Sixty-five percent of hospitals have published “robust” negotiated rates that analysts can use to compare prices, according to a study released Tuesday by data company Turquoise Health.

In addition, 80 health insurers have also published negotiated rates, representing the majority of people who are covered with health insurance in the US, according to the report.

Employers and eventually consumers are expected to use the data hospitals, health insurers, and self-insured employers are required to report to compare hospital rates and negotiate lower costs. Turquoise is one of the data companies compiling the data to make it understandable and usable. ...