Cost-control plan may be costly

The Obama administration recently approved a new cost-control strategy that allows insurers and employers to put a limit on what health plans pay for certain expensive procedures, reports the Associated Press. Most insurance pays a percentage of procedure costs, but this new approach sets a specific dollar limit. While some industry experts worry patients may be stuck with a surprisingly large medical bill, some say the reference pricing will help monitor rising premiums. "The problem ... from the patient's perspective is ... who gets left holding the bag," Karen Pollitz of the Kaiser Family Foundation told the AP. Article