Aetna, Humana, UnitedHealth To Launch Cost-Of-Care Tool
By Jeff Overley
Law360, New York (May 14, 2014, 5:44 PM EDT) -- Aetna Inc., Humana Inc. and UnitedHealth Group Inc. on Wednesday said they will help build an online portal allowing policyholders in employer and individual plans to comparison-shop for lower-cost hospitals and clinics, adding to efforts by state and federal regulators to pressure providers into reducing prices.
The potentially historic move by three of the largest U.S. health insurance companies will involve charge data being supplied to the nonprofit Health Care Cost Institute, which focuses on reining in health spending. HCCI, in turn, will create a digital...