20 companies form alliance to improve healthcare cost transparency — 5 points

Twenty corporations collaborated to form the Health Transformation Alliance, according to Galen Institute.

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Here are five points:

1. The alliance is designed to establish a cost-effective strategy to deliver health benefits to employees.

2. The American Health Policy Institute proposed the alliance, which hopes to bring transparency to healthcare costs.

3. The alliance’s members will merge their collective purchasing data, transforming the way they contract care.

4. The companies will discuss employee health outcomes and use market power to negotiate better deals.

5. The HTA may eventually form a health cooperative, in which employers “combine risk pools to purchase health services on behalf of their workers.”

See the member companies here.

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