The newly formed Peak Health Alliance negotiated rates with the local hospital – How Summit County residents, fed up with high health care prices, banded together and negotiated a better deal
The Peak Health Alliance was able to get its local hospital to lower prices by 20%. Colorado officials hope it can become a model for communities across the state.
The article notes two efforts to lower insurance rates, the Peak Health Alliance and the State reinsurance program. The Peak Health Alliance appears to affect rates only in Summit County, although if it is successful, I’m sure the effort will spread.
The state reinsurance program will lower rates across the state, although I don’t think it will be evenly. To allow this program to function requires a waiver from the government, and the state has submitted the application.
It will be interesting to see how these efforts unfold and are integrated into actual health insurance pricing. One concern I have with the Peak Health Alliance strategy is at first blush it seems like a “micro-network,” so I’d like to learn more
We’ll keep you updated!