The U.S. healthcare system is facing unsustainable costs with projections showing rising prices and fewer people getting coverage. Payers are in a critical position to drive systemic change and make healthcare more affordable. By leveraging data, technology, and marketplace dynamics, payers can optimize costs, improve quality of care, and create a more transparent and efficient healthcare system. Initiatives like healthcare price transparency, standardized data, and modern technology architecture are key to achieving this transformation. Payers have the tools and responsibility to bring about a more equitable and sustainable future in healthcare.
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