Healthcare Spending

Health Savings Account Balances, Contributions Grew in 2021

by Victoria Bailey

The average health savings account (HSA) balance increased in 2021, with most account holders contributing more money than they withdrew, according to a report from the Employee Research Benefit...

Cigna’s Integrated Health Plan Reduced Care Costs for Employers

by Victoria Bailey

Employers saved more than $1,400 per member per year when employees enrolled in Cigna’s integrated health plan that coordinates medical, pharmacy, and behavioral benefits, according to a study...

BCBSA: 6 Policy Changes Could Save $767B in Healthcare Spending

by Kelsey Waddill

In a report and briefing, Blue Cross Blue Shield Association (BCBSA) recommended policy solutions that could help bring runaway healthcare spending under control, saving $767 billion across 10...

Employer-Sponsored Health Plans Face High Costs for SUD Treatment

by Kelsey Waddill

Employer-sponsored health plans paid $35.3 billion to cover substance use disorder treatments in 2018, a recent study published by JAMA Network Open found. The researchers used Merative MarketScan...

Private Payers Reimbursed Telehealth, In-Person Care Equally in 2020

by Kelsey Waddill

In 2020 when the coronavirus pandemic forced a major shift to telehealth and virtual care, private payers were reimbursed for telehealth and in-person care equally, research from Peterson-Kaiser Family...

High Perceived Healthcare Costs Limit Coverage Access for Uninsured

by Victoria Bailey

High perceived healthcare costs are the biggest barrier to health insurance for the uninsured population, according to a survey conducted on behalf of Florida Blue. The online survey polled uninsured...

Women with Employer Sponsored Health Insurance Face Affordability Issues

by Victoria Bailey

Among people with employer-sponsored health insurance, women were more likely to report being unable to afford healthcare than men, according to a study published in JAMA. In addition to facing unique...

How Insulin Costs Vary Across Medicare, Medicaid, Private Plans, Uninsurance

by Kelsey Waddill

Insulin costs vary based on insurance coverage type and coverage types that lead to high healthcare spending can force patients to ration their insulin supplies, a report from the US Department of...

Understanding the Different Metal Plans in the ACA Marketplace

by Victoria Bailey

The Affordable Care Act (ACA) marketplace allows individuals to purchase health plans through the federal insurance marketplace or state-based marketplaces, depending on the state. HealthCare.gov offers four categories of health plans...

Blue Cross MN Value-Based Contract Reduced Cancer Care Costs

by Victoria Bailey

Blue Cross and Blue Shield of Minnesota (Blue Cross) has announced that its value-based contract with Minnesota Oncology reduced the total cost of care for patients during the first two years of the...

Elevance Health ACO Generated Cost Savings Among Fully Insured Members

by Victoria Bailey

Elevance Health’s commercial accountable care organization (ACO) program was associated with significant cost savings between 2016 and 2021, particularly among the fully insured population,...

Behavioral Health Treatment was Associated with Lower Healthcare Costs

by Victoria Bailey

Having one or more outpatient behavioral health treatment (OPBHT) visits was associated with lower healthcare costs among patients with newly diagnosed behavioral health conditions, a JAMA Network Open...

Health Insurance Price Growth Rises to 20%, Outpacing Other Medical Care

by Kelsey Waddill

Health insurance prices rose faster than other medical care categories’ prices but broke from normal patterns by failing to outpace the overall price increases on all goods and services, a brief...

Immigrants’ Premium Contributions Exceed Payer Spending on Care

by Victoria Bailey

Immigrants’ premium contributions in 2017 were $58.3 billion higher than what private insurers and public programs spent on their healthcare, suggesting that immigrants help subsidize the US...

Health Insurance Is Expensive, But Americans Intend to Keep Their Plans in 2023

by Kelsey Waddill

Even though many Americans are concerned about health insurance costs, most plan to remain in their current health plan for 2023, according to a survey by ValuePenguin. Qualtrics sent out the online...

Top 5 States with the Highest Levels of Healthcare Spending

by Kelsey Waddill

In the top five states with the highest healthcare costs, residents may struggle to cover children’s medical bills, face burdensome premiums, or forego care due to high out-of-pocket healthcare...

2022 RI Life Index Finds Social Determinants of Health Barriers in RI

by Kelsey Waddill

Blue Cross Blue Shield of Rhode Island (BCBSRI) released its 2022 RI Life Index for the fourth year in a row in order to assess social determinants of health barriers and the impact on residents’...

Major Payers Spent Less Than 1% of 2021 Income on Social Determinants of Health

by Kelsey Waddill

The share of their income that major payers spend on social determinants of health may have increased over time, but it remains a lackluster percentage, a study published in the Journal of General...

50% of Coronavirus Hospitalizations Covered by ESI Cost Over $25K

by Kelsey Waddill

While employer-sponsored health plans’ total costs for coronavirus hospitalizations could range from $10,000 to over $38,000 in 2020, employee costs remained fairly consistent, a Peterson-Kaiser...