What was the primary goal of CalPERS when they introduced reference pricing?
Reference Pricing, CALPERS, and Reduced Health Care Costs

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Health Sciences, Business, Social Studies, Biology
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To limit patient choices
To reduce healthcare costs
To improve hospital facilities
To increase hospital profits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did reference pricing affect the market share of lower-priced hospitals?
It increased by 50%
It decreased by 28%
It remained the same
It increased by 28%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of healthcare spending is estimated to be for services where patients can shop around?
20%
80%
40%
60%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge in implementing reference pricing broadly?
High administrative costs
Lack of patient interest
Insufficient hospital competition
Limited insurance coverage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of reference pricing according to the transcript?
Increased healthcare spending
More hospital choices
Higher patient satisfaction
Lower quality of care
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did studies find about the quality of care under reference pricing?
Quality improved drastically
Quality was not measured
Quality significantly decreased
Quality remained unchanged
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason some consumers might prefer narrow network plans over reference pricing?
Higher quality of care
Simplified decision-making
Broader choice of hospitals
Lower out-of-pocket costs
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