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CHICAGO, IL--(Marketwired - June 23, 2015) - The upcoming Supreme Court ruling on King v. Burwell may result in more than half of Americans looking for a new healthcare provider that offers more transparent costs and billing, according to a new TransUnion Healthcare survey of insured consumers released today. If the Supreme Court rules to eliminate the subsidies, more than half (51%) of Americans will look for new providers, according to the survey.
The importance of healthcare cost transparency is clear. Americans say the opportunity to review cost estimates prior to undergoing treatment is just as important as bedside manner when selecting a healthcare provider, according to the survey. An identical 80% of respondents listed upfront cost estimates and bedside manner when asked which experiences would make them more likely to use a clinician.
The same number of respondents (80%) also identified clear billing processes as a major factor, highlighting the growing importance of cost transparency and clarity in determining where patients choose to receive care. In fact, the lack of clarity regularly leads to patient confusion and surprise. Despite improvements in overall billing experience, 61% of insured consumers say they are always (17%) or sometimes (44%) surprised by their out of pocket healthcare costs, and 55% are always (10%) or sometimes (45%) confused by the bills they receive.
www.marketwired.com...
originally posted by: Xcathdra
a reply to: Profusion
I think we would have been better off by removing insurance monopolies and allowing insurance companies the ability to operate across state lines.
originally posted by: Profusion
Has anyone ever seen a court case with such huge potential ramifications that's been ignored the way King v. Burwell is?
originally posted by: Xcathdra
a reply to: Profusion
I think we would have been better off by removing insurance monopolies and allowing insurance companies the ability to operate across state lines.
Insurance companies are more likely to cherry-pick those areas with low insurance risks, while avoiding those areas with high risk.