Reference-based pricing (RBP) has potential to revolutionize the way Americans handle healthcare. Reference-Based Pricing has a Bright Future There are several things that RBP is set to do in the future including: Increasing transparency in pricing costs. This could amount to tens, or even hundreds, of thousands of dollars Better ability to discern costs relative to value; customers would be …
Pros and Cons of Reference-Based Pricing
Is Reference-Based Pricing Right for My Business? If you’re considering Reference-Based Pricing (RBP) for your business, a hard look at both the advantages and disadvantages is in order. You want to make sure you’re making the best possible choice for yourself and for your employees. Advantages of Reference-Based Pricing The advantages of RBP are clear: Healthcare costs less—for everyone Greater …
Transparency: What are Doctors Charging for Healthcare?
Here’s a hard truth that many physicians would rather not admit: all too often they don’t know what they’re charging you. They don’t know how much you pay, they don’t know how much your insurance pays, and they don’t know how billing is handled. When your doctor doesn’t know what you’re being charged, there’s something wrong with the system! Unfortunately, …
Unsustainable Healthcare — and the Solution
Healthcare costs across America have become exorbitant. In some cases, a simple Aspirin can end up costing the person taking it as much as $400. Epipens—vital medication for individuals with allergies—cost $57 in 2007; now, a single pen costs $600 or more. The House of Representatives report on the top 10 generic drugs from 2013 to 2014 saw increases between …
