Who Uses a Price Transparency Tool? Implications for Increasing Consumer Engagement

• Main Authors: Rebecca A. Gourevitch MS (Author), Sunita Desai PhD (Author), Andrew L. Hicks MS (Author), Laura A. Hatfield PhD (Author), Michael E. Chernew PhD (Author), Ateev Mehrotra MD, MPH (Author)
• Format: Book
• Published: SAGE Publishing, 2017-05-01T00:00:00Z.
• Subjects: article
• Online Access: Connect to this object online.

Summary

Despite the recent proliferation of price transparency tools, consumer use and awareness of these tools is low. Better strategies to increase the use of price transparency tools are needed. To inform such efforts, we studied who is most likely to use a price transparency tool. We conducted a cross-sectional study of use of the Truven Treatment Cost Calculator among employees at 2 large companies for the 12 months following the introduction of the tool in 2011-2012. We examined frequency of sign-ons and used multivariate logistic regression to identify which demographic and health care factors were associated with greater use of the tool. Among the 70 408 families offered the tool, 7885 (11%) used it at least once and 854 (1%) used it at least 3 times in the study period. Greater use of the tool was associated with younger age, living in a higher income community, and having a higher deductible. Families with moderate annual out-of-pocket medical spending ($1000-$2779) were also more likely to use the tool. Consistent with prior work, we find use of this price transparency tool is low and not sustained over time. Employers and payers need to pursue strategies to increase interest in and engagement with health care price information, particularly among consumers with higher medical spending.

Item Description

0046-9580
1945-7243
10.1177/0046958017709104