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Health Insurers Still Not Forthcoming on Costs

Date: June 24, 2014

Movement building for all the information

They’re just not getting it!

A full accounting of medical costs that is, and a new report by TransUnion consultancy shows how far insurers have to go to satisfy the growing demand for information.

“Consumers are becoming more aware of medical costs,” reports Market Watch in a June 23 story, “but health-care providers are usually not forthcoming when it comes to outlining how much their bills will be.”

TransUnion Healthcare surveyed nearly 7,500 household decision-makers with insurance who had either personally received medical care or had a family member on their policy receive care in the past two years. Respondents comprised a representative sample in each of the 50 U.S. states and the District of Columbia. The survey took place from May 1 to June 1, 2014.

“Though they didn’t always ask for a breakdown ahead of time, nearly two-thirds of consumers, or 63%, said they wanted to know the full cost of their health care, including what their insurance company would pay, while the remaining 37% only cared about what their portion of the medical bill would be,” wrote Market Watch.

Other highlights of the report can be found to the right. NFIB/Washington is the thick of the fight for greater transparency of health-care costs. See below.

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63% said they wanted to know the full cost of their health care

Graphic by NFIB/Washington

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