Thirty years ago, a small, but mighty, group of employers came together to commiserate about the high cost of health care in Memphis. They commissioned a special study that showed not only were their costs high, but there didn’t seem to be a rationale for how rates were set and there were vast differences, some as high as 80%, between what hospitals charged for the same service.
Deciding that unless they became more active purchasers nothing would change, these employers, joined now by...
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