Auditor's Report Says State Could be Doing More to Make Health Care Costs Transparent to Consumers
June 25, 2014
Vermont is not meeting a legal obligation to use its health care claims database to provide the public with consumer information, according to a new report from the State Auditor’s Office.
The report also found that Vermonters are taking on a growing amount of liability for their health care costs.
The number of high-deductible health plans has grown from 21 percent of the commercial market to 34 percent in three years from 2009 to 2012. A deductible is the amount one pays out of pocket before insurance benefits kick in.
In addition, plans sold on the state’s health care exchange, which opened last year, can leave families with as much as $12,700 in out-of-pocket costs on top of premiums, according to the report.
Making price and quality information accessible could help patients make value-based choices for non-emergency medical care.....continued on VTDigger website.....