$100 Million Healthcare Cost Database Announced - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Open Government
News
10/27/2009
06:42 PM
50%
50%

$100 Million Healthcare Cost Database Announced

Built with settlement money from health insurance companies, it will help drive down medical costs, says New York Attorney General Andrew Cuomo.

The attorney general investigated the Ingenix database, a subsidiary of UnitedHealth. "[A]s a subsidiary of the second-largest insurer in the nation, Ingenix had a vested interest in helping set rates low, so companies could underpay patients for out-of-network services," the attorney general's office said. The result was that "consumers were forced to pay more than they should have," by 10-28%.

"Beginning in January, Attorney General Cuomo secured agreements with every national and regional health insurer operating in New York State to end their use of the Ingenix database and financially commit to the new, independent database," the attorney general's office said.

Using the new database, consumers will be able to look up procedures and find out how much they'll be reimbursed, so they'll know the cost of a treatment before they get it, the attorney general's office said.

About 70 percent of insured working families have out-of-network plans that let them choose their own doctors, a system that affects more than 110 million people, Cuomo said.

The insurance industry can benefit from the change too, Robert Zirkelbach, a spokesman for the trade group America's Health Insurance Plans, told the Associated Press. Health insurers say the prices doctors charge for care vary greatly around the country. "Hopefully this database will help shed light on the exorbitant prices that out-of-network providers are charging for some services," Zirkelbach said.

For Further Reading:

Why Your Next IT Job Will Be In Healthcare

Top iPhone Apps For Health Pros, Patients

Top iPhone Healthcare Apps



Find out how smartphone apps are just what the doctor ordered for improving care and helping patients manage their health. Download the InformationWeek report (registration required).

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Previous
2 of 2
Next
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Commentary
A Strategy to Aid Underserved Communities and Fill Tech Jobs
Joao-Pierre S. Ruth, Senior Writer,  7/9/2021
Slideshows
10 Ways AI and ML Are Evolving
Lisa Morgan, Freelance Writer,  6/28/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Slideshows
Flash Poll