Few Patients Use Price Comparison Tools: NBER Study
August 8, 2018 Despite the fact that most health insurance companies now provide a price transparency tool for beneficiaries, only a tiny minority of patients choose to shop for healthcare services or review provider prices before accessing services, a new study by the National Bureau of Economic Research has found. Researchers analyzed data from a large private insurer on more than 50,000 MRI scans of the lower limb that were not delivered in the midst of an ongoing inpatient admission or emergency…