Healthcare price transparency woefully inadequate in majority of states: 5 things to know

Forty-five out of 50 states failed to provide adequate healthcare price transparency, according to the Report Card on State Price Transparency Laws – July 2015 from the Health Care Incentives Improvement Institute and Catalyst for Payment Reform.

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Here are five things to know:

1. New Hampshire is the only state to receive an ‘A’ grade in the report card.

2. Colorado and Maine received ‘B’ grades; and Vermont and Virginia received ‘C’ grades.

3. All other states received an ‘F’ grade.

4. Grades are assigned based on scores that states earn. States can earn a total of 150 points after their price transparency laws and legislated price transparency websites are examined.

5. Massachusetts, which has in the past received high grades, was given an ‘F’ grade this year due to the loss of its government-mandated price transparency website.

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