Health care providers, insurance companies and drug makers should make information about prices available to the public, according to a new survey of leaders in health care and health policy. The latest Commonwealth Fund/Modern Healthcare Health Care Opinion Leaders Survey finds widespread support for such measures: In addition to the reporting of provider quality and prices, 86 percent of respondents support public reporting of drug prices charged to major purchasers, and 82 percent support the public reporting of medical loss ratios—the share of premium dollars that private insurance companies spend on actual medical care, rather than marketing, administration, and other expense or profit.
The survey focused on transparency in health care quality and pricing—that is, the public reporting of such information by name of hospital, physician practice, or other health care provider. Three-quarters of health care leaders believe increased transparency in quality and price is essential to improving the performance of the U.S. health care system.
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