Industry’s Eyes Turn Toward Utah Health System As It Rolls Out ‘Innovative’ Plan To Cut Costs
Intermountain Healthcare in Salt Lake City is guaranteeing a long-term lock on price increases, a move only a few other systems in the country have tried.
The New York Times:
A Novel Plan For Health Care: Cutting Costs, Not Raising Them
As employees know all too well, health insurance companies have one surefire way to lower costs: Ask their customers to pay more. Intermountain Healthcare, a nonprofit health system in Salt Lake City, is trying something virtually unheard-of: promising to sharply cut costs rather than pass them on. Its new health plan, SelectHealth Share, is guaranteeing to hold yearly rate increases to one-third to one-half less than what many employers across the country typically face. (Abelson, 2/17)