"A reference pricing policy for elective surgeries, implemented by Anthem and [CalPERS], returned $5.5 million in aggregate savings and a 26 percent reduction in price paid for the first two years of the policy's existence. The model ... was originally put in place for elective knee and hip replacements and has since been expanded to outpatient elective cataract surgeries, colonoscopies, and arthroscopy procedures."  MORE >>