How much health insurers pay for almost everything is about to go public
1–10 of 370 posts
Re: How much health insurers pay for almost everything is about to go public
#2I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x differences in prices paid for the same healthcare service from the same doctor between insurance plans is not uncommon.
Re: How much health insurers pay for almost everything is about to go public
#3I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x…
What do you serve to gain from scraping all of this information?
Re: How much health insurers pay for almost everything is about to go public
#4> “What we’re learning from the hospital data is that insurers are really bad at negotiating”
Do the insurers have any incentive to negotiate well? Since their customers are not very price-sensitive (since they aren't marketing directly to patients or doctors), I would imagine they don't have a huge incentive to do anything but apply a markup to whatever prices the hospital tells them it costs.
Re: How much health insurers pay for almost everything is about to go public
#5I'm curious if this is a first step towards hospitals being required to charge the same prices to everyone, insured or otherwise.
Re: How much health insurers pay for almost everything is about to go public
#6I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x…
What do you serve to gain from scraping all of this information?
The information on their landing page was immediately relevant to me
I hope they have a good business plan and manage to stick around!
Re: How much health insurers pay for almost everything is about to go public
#7I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x…
What do you serve to gain from scraping all of this information?
Our industry-focused products are based on knowing how much every service costs at every healthcare provider. It's the underpinning of our products.
We also post a lot of the rates publicly in a consumer-friendly searchable format, but we don't charge any money for that. But this data will let us greatly expand the scope of that free service.
Re: How much health insurers pay for almost everything is about to go public
#8This is regulation everybody should be able to get behind. How are these markets supposed to function efficiently with healthy competition if critical information like this is hidden away?
Re: How much health insurers pay for almost everything is about to go public
#9This is regulation everybody should be able to get behind. How are these markets supposed to function efficiently with healthy competition if critical information like this is hidden away?
That would get in the way of unadulterated profit, you see.
Re: How much health insurers pay for almost everything is about to go public
#10This is regulation everybody should be able to get behind. How are these markets supposed to function efficiently with healthy competition if critical information like this is hidden away?
Also why wages and other transaction data (like it is for real estate in most states) should be public.