Insurance companies to buy medical devices and medicines at wholesale /negotiated rates to save money

It is nice to know that Insurance companies will now be buying devices like stunt/pace maker at whole sale or say negotiated rates from manufacturers with a view to save on their claim costs.

It is also laernt that hospitals have been buying medicines at whole sale rates and were billing to the insurance companies at retail rates.This practice will also stop.

Any steps taken by the insurance industry to reduce the claim cost is welcomed.Let all of us support this initiative.