Reference Based Pricing: An option to help employers eliminate potential unnecessary health care costs

Keeping health care expenses to a minimum requires cooperation from everyone. Those who constantly utilize expensive medical services can sometimes raise costs for the whole group. With this in mind, not only is it cost-effective for you to choose a less expensive procedure, but that decision can also help lower everyone ’s overall costs. To help encourage this cost-conscious attitude, some employers implement a method called reference-based pricing (RBP). RBP works by setting spending limits…
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