Sen. Tonya Schuitmaker signed on to co-sponsor the Michigan Healthcare Transparency Act Wednesday.
Lack of price transparency is a leading cause of rising health care costs. Studies show variances of up to 700 percent in costs for similar services among different health care providers in the same area. These variances lead to higher costs for employers, health insurance and auto insurance.
Senate Bill 333, introduced by Sen. Jim Marleu, R-Lake Orion, would create the Michigan Healthcare Transparency Act, which would seek to bring transparency to Michigan’s health care market by creating a public price and quality transparency database commonly known as an all-payer claims database.
“As health care costs continue to rise, people should have the ability to see that they are getting a good value for their money,” said Schuitmaker, R-Lawton. “This will make it easier for employers and families to make more informed decisions about their medical coverage and treatment options.”
The public database would be a tool for consumers and employers to make more informed health care choices. The database would indicate where cost shifts are occurring and which providers have good value for outcome, and it would create more competition and better prices and quality.
SB 333 has been referred to the Senate Committee on Health Policy.