Employers, consumers save millions in health care costs using “reference pricing”

Two recent studies have touted success for a program called “reference pricing” in bringing down health care costs. Both the state of California and the Safeway grocery store chain are saving millions using the approach over the last several years. Safeway introduced reference pricing in 2011, setting maximum amounts for…

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Leave your insurance card home: Paying cash for prescription drugs and medical care

Our suspicions were confirmed last week with the report that medical costs continue to escalate. Milliman’s widely respected, annual medical index estimates that the cost of an employer-provided health plan (employer and employee payments combined) hit $25,826 for a family of four in 2015, a 6.3 percent increase from the previous…

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