The problem with health care price transparency: We don’t have cost transparency
It’s not the price of health care that should concern us. It’s the cost. There’s a distinction, and it matters. Here’s why.
It’s not the price of health care that should concern us. It’s the cost. There’s a distinction, and it matters. Here’s why.
Would you buy a pair of shoes without knowing the price? Consumers have bought medical care from hospitals for years without knowing the costs, but new regulations will change that.
President Trump has been backing transparency in hospital pricing so that consumers can compare prices. But will that help when the real deals are done in secret?
Health researchers hope a new regulation requiring hospitals to post their prices will tame soaring health care costs, but compliance and standardization are hurdles.
To lower health care costs, the Trump administration will have to wrangle a complex system fraught with competing interests.
Hospitals are now required to post their prices online. This approach is unlikely to change US health care – but better price transparency tools could actually reduce costs.
Price in health care is a squishy concept. Different words relating to cost – charge, price and out-of-pocket cost – all have different meanings.
Researchers found that nearly 74% of patients who reached out about a billing mistake received bill corrections. For those who negotiated their bills, nearly 62% saw a price drop.
Universal Coverage Day came only three days shy of the deadline for open enrollment in the US. Why are much smaller, less wealthy countries such as Thailand pushing forward while the US is not?
Tired of escalating health care costs, health care policymakers in Colorado have put a vote for universal coverage on the ballot in that state. Could the other states learn anything from it?