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Member, Beacon International Group, Ltd.
Employers at risk of being sued if they don’t act on price health price transparency information and ensure their employees get the best value for their money, reports Becker’s Payer Issues, citing Bloomberg. Price transparency requirements that call for insurers to disclose their negotiated rates with providers can illuminate costs for consumers and give employers more information about where their employee benefit dollars go, according to James Gelfand, president of the ERISA Industry Committee, a lobbying group for large companies.