Mark GalvinFounder, President and CEO, TALON · President and CEO, TALON

Dr. Hoot Goes To Concord NH—MyMedicalShopper

7 Apr 2015 · 3 min

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2:38

In this brief presentation and committee Q&A, the speaker proposes a plan to save the state of New Hampshire $142 million over three years by redesigning health plans and allowing state employees to shop for care based on price, quality, and convenience. The speaker highlights stark price variations, such as lipid panels costing $400 versus $48, to illustrate the potential savings. Committee members question who would lose from such changes, suggesting overpriced hospitals or doctors might be affected, and inquire about the impact of higher deductibles on consumer cost awareness. The discussion also touches on the desire for a more symmetric healthcare market and directs interested parties to the MyMedicalShopper website for further information.

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We have a strong proposal to save the state $142 million over the next 3 years by changing plan design and giving the state employees of New Hampshire the means to shop for their care based on price. Quality and convenience. Lipid panels can cost $400 or they can cost $48. It's, it's that stark and it happens across the board.
This committee has seen this issue before. We've talked about it before. A, we have the problems of really getting our arms around what certain things cost. So what you're saying is that who's going to lose? When I ask the question, who's going to be the loser? What you're saying the loser is, is anybody— any overpriced hospital or doctor.
As our deductibles go higher, we're bearing more and more of these costs as consumers, and so we care more now than we used to, but this has been going on for a long time.
I mean, I like the idea of making the playing field, would you believe, symmetric, less asymmetric. Is there a place on the internet that I can go and learn more about My Medical Shopper?
We'd be happy to give you more information, you can go to mymedicalshopper.com. Okay, well, thank you very much. Thank you very much for your time.