AXIOS September 19, 2023
Employers girding themselves for an especially pricey health care benefits season this fall are pushing back harder in negotiations, armed with new price transparency data and emboldened by increased industry scrutiny.
Why it matters: Employers frustrated that they haven’t been getting the best deals on health care are using the data to demand better terms in discussions with insurers and pharmacy benefit managers, industry experts said.
- There have been some initial signs these strategies have been successful, but experts said it will take larger collective change among employers to generate more significant savings.
- “I think that’s where we’re heading is a much, much more enlightened market, particularly if we get reforms in Washington,” Michael Thompson, CEO of the National...
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