The 12th Commonwealth Fund/Modern Healthcare Health Care Opinion Leaders Survey found that increased transparency in the quality and price of health care is important, according to a diverse group of experts. More than 80 percent of health care opinion leaders called for transparency on prescription drug prices and medical loss ratios (i.e., the share of premium dollars that private insurance companies spend on medical care). Most respondents believe increased transparency would reduce health care spending, primarily by stimulating providers to improve quality and efficiency and by allowing payers to reward such efforts. Favored policy strategies for improvement of health care transparency include the creation of a new public-private entity to standardize and implement transparency in health care; widespread adoption of health information technology; shared responsibility for funding across government, insurers, and providers; and federal leadership to create a meaningful system of public reporting on quality and price.
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