IU Health freezes prices to lower healthcare costs

Indianapolis-based Indiana University Health will freeze its prices for the next four years to bring its costs in line with the national average, the Indy Star reported Dec. 21.

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In 2016-18, IU Health’s prices were 33 percent higher than the national average, a 2020 Rand study showed.

The health system began the price freeze from 2020-21, creating a $100 million reduction in many outpatient services in 2021. In 2019, prices increased by 2.4 percent, according to the newspaper.

The plan, which was announced at a public forum Dec. 16, will save Indiana healthcare consumers more than $1 billion, IU Health officials said, according to the Star.

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