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McKnight's Senior Living

Transparency reportedly lacking among insurers

McKnight’s Senior Living highlighted a recent Simple Healthcare analysis that evaluates how well the three largest health insurers comply with federal Transparency in Coverage (TiC) requirements by reporting complete negotiated price data. The piece notes that Simple Healthcare’s research found significant gaps in insurer-reported data, meaning employers and other purchasers may struggle to compare costs and make informed decisions because key negotiated rates are missing or incomplete in publicly accessible TiC files.

The coverage emphasizes the broader implications of these data gaps for employer healthcare affordability efforts, underscoring how incomplete TiC disclosures can undermine transparency policy goals and limit stakeholders’ ability to leverage price information for benefit design and cost negotiation.

Read the full article here.

McKnight's Senior Living

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