In addition to regular appearances on national broadcast, digital, and print platforms, Nexus Insights Fellows often speak at events around the globe.
Sticker Shock: Running Up that Hospital Bill – Caroline Pearson at ViVE 2023
March 28 @ 10:30 am - 11:15 am UTC-5
Healthcare spending accounted for 18.3% of the nation’s GDP in 2021, and is projected to reach nearly 20% by 2030; and $433.2 billion of that spend came out-of-pocket by the American consumer. With few understanding their benefits, co-insurance, or provider networks, and lack of price transparency, medical billing complexity, and unexpected costs it is no small wonder the consumer gets surprised with bills. Enter the No Surprises Act and a hospital price transparency rule requiring the public posting prices. Has it worked? A recent report showed that 2 million potential surprise bills were avoided in the first two months; and, perhaps because more than 55% of workers were enrolled in high-deductible health plans, consumers are beginning to ask questions and push back on hospital bills. However, less than 25% of hospitals are in compliance and enforcement is virtually non-existent. Join these experts as they discuss the state of healthcare economic affairs, next steps for CMS alternative payment models, and emerging industry payment innovation to achieve value for the buck.
Ben Leonard, Health Tech Reporter, POLITICO
Caroline Pearson, Executive Director, Peterson Center on Healthcare
Chris Severn, CEO & Co-Founder, Turquoise Health
Niall Brennan, Chief Analytics and Privacy Officer, Clarify Health