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Health Reward Stat of the Day – Sept 3

 

money and steth pic

 

CalPERS, the California public employee pension plan, determined that its costs for exactly the same hip and knee replacement ranged from $20,000 to $120,000. It decided to give consumers an incentive for choosing lower-cost care; it announced that the highest rate it would pay for the procedure was now $30,000. Within one year, the number of CalPERS members seeking treatment at lower-cost hospitals increased by 15 percent.

http://www.oliverwyman.com/content/dam/oliver-wyman/global/en/2015/jun/Health-Life-Sciences-Idea-Ten.pdf

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