Supreme Court hears case on insurance industry data gathering in Vermont

In an effort to provide a measure of control over escalating healthcare prices, Vermont’s Green Mountain Care Board, created by the Vermont Legislature in 2011, requires insurers in the state to share information on payments made to healthcare providers, but insurers Liberty Mutual is challenging the effort, according to The Wall Street Journal.  

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On Wednesday, the Supreme Court heard the case. The insurer argued federal law prohibits states from requiring payers to relinquish cost and outcomes data, according to the report.

Justice Stephen Breyer did not deny the information should be available, but he and several other justices expressed concern over allowing states to individually establish reporting requirements for payers. Justice Breyer suggested this should be left to the discretion of a federal agency, according to the report.

The Obama administration and 20 other states stand with Vermont. The Supreme Court is expected to hand down a decision by June, according to the report.

More articles on finance issues:
Missouri hospital to roll out new pricing strategy for uninsured
Healthcare spending hits $3 trillion under ACA: 10 things to know
Poll: Americans want greater government control over drug prices

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