Reference payment initiative for colonoscopy associated with lower prices, savings

Wednesday, September 9, 2015 - 08:30 in Mathematics & Economics

The California Public Employees' Retirement System (CalPERS) saved $7 million on spending for colonoscopy two years after it implemented a reference payment initiative that offered full insurance coverage at low-priced facilities but required substantial cost sharing if patients picked a high-priced alternative, according to an article.

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