Castlight Health, a pioneer in the area of health care cost transparency, has created an interactive map showing variations in the average cost of four common health care services in cities across the country. While we all know this variation exists, it’s still enlightening to see the difference in the average price of a lipid panel in neighboring cities like Cincinnati ($21) and Dayton ($65). Providing employees with an effective transparency tool is a necessary precursor to implementing reference-based pricing, a tactic that directly addresses extreme variation in pricing. But transparency is also the key to enabling employees to become better health care consumers. In our last survey, nearly two-thirds of large employers said they would have a consumer-directed health plan in plan by 2016. To be more than just a high-deductible health plan, a CDHP needs an effective transparency tool.
Go to full article: castlighthealth.com