UnitedHealth Group Brief Examines Price Variation in Health Care

savings opportunities

U.S. health care spending is rising and projected to reach $6 trillion by 2027, nearly 20% of GDP. Increased spending is driven by prices that are high on average and vary significantly. This price variation leads to gross overspending by many consumers.

A new research brief from UnitedHealth Group examines price variation in health care and calculates the savings potential between what is currently paid and what could be paid if high-priced services were each re-priced to a lower level already available for that same service.

Specifically, the brief illustrates the issue of price variation by addressing seven groups of common diagnostic tests, including:

  • MRI
  • Ultrasound
  • CT
  • Pathology
  • Microscopic Examination
  • Radioisotope Scan and Function Studies
  • Mammography

The brief shows that if the price variation of these diagnostic tests was reduced, consumers would have saved $18.5 billion in 2017. Reducing higher prices to amounts already agreed to by many providers can help lower the total cost of health care.

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UnitedHealth Group Brief Examines Price Variation in Health Care