Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

WellPoint Explains Tiered Hospital Networks

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 28, 12:35 p.m. – Blue Cross of California, a unit of WellPoint Health Networks Inc., Thousand Oaks, Calif., has developed a consumer fact sheet that explains the company’s new “tiered hospital networks.”

California Blue is encouraging the 4.1 million members in its preferred provider organization plans to consider cost when choosing hospitals by adding general hospital cost category information to its provider directories.

In many cases, California Blue will require members to pay higher out-of-pocket costs for hospitals that charge more.

This year, California Blue is dividing hospitals into four major cost categories, with 10% classified as “most expensive”; 40% as “more expensive”; 40% as “less expensive”; and 10% as “least expensive.”


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.