Monday, March 15, 2010

Bill 429 - "Most-Favored-Nations clauses in Medical Provider Contracts

Bill 429 came before the Public Health Committee of the state legislature last week. The bill would remove the ability to use "Most-Favored-Nations" clauses in contracts between commercial insurers and medical providers such as Bristol Hospital. The goal is to foster more competition by not allowing insurance providers that have a commanding market-share to further control the market through pricing advantages that cannot be shared. You can see the body the bill at the following link:

What does membership think about this approach and do you think that this bill if passed would help with competition and help drive down insurance costs?

No comments: