End Medical Debt
Publications
How the Fair Pricing Act’s Site Neutral Policy Boosts Health Care Affordability by Ensuring Savings Will Be Passed Through to Patients and Payers
Alison Goldberg, Mia Wagner, Elisabeth Ryden Benjamin
Summary:
New York ranks second nationally in health care spending and insurance premiums, driven largely by rising hospital prices. The Fair Pricing Act (S705/A2140 would cap payments for select routine services across public and commercial insurance at a fixed percentage above Medicare rates, generating an estimated $1.1 billion in annual health care savings and reduce patient out-of-pocket costs by $213 million according to a Brown University study.
This CSS report explains how New York’s insurance regulatory framework ensures that cost reductions are passed through to consumers rather than retained by insurance carriers.
Issues: Access to Health Care
Download PDF
