In Oklahoma, a startling example of how price transparency could disrupt health care bureaucracies as we know them:
No wonder Illinois is a Certificate-of-Need state - it prevents any real attempt at disrupting the status quo. Still, as direct costs to patients rise, I predict this model will become more common.
-Wes
h/t: Glenn Reynolds
Price transparency would go a long way to controlling costs. So far though, all legislation that has promoted it has gone down in flames...regardless of party. For an example, look up the AZ law on price transparency last year.
ReplyDeletePrice transparency would cost a whole lot of people a whole lot of money. Why do you think Pharma companies are hated? They are about the closest thing we have to transparency in the US medical system.