Prices paid by UnitedHealth's commercial health plans, based on claims from 12.5 million tests, varied from three-fold up to 24-fold or more for different types of tests. (Photo: Shutterstock)
U.S. consumers could save more than $18 billion a year if providers stopped overpricing their diagnostic and testing services, according to a new report from UnitedHealth Group (UHG). The insurance giant said it found prices can vary significantly for common tests such as MRI scans and echocardiograms.
“This price variation leads to gross overspending for many consumers, even for common health care services such as diagnostic tests, which play an important role in the diagnosis, monitoring, and treatment of disease,” the report said.
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