For years experts have been saying if consumers knew the price of certain health care services they would be able to decide what services bring "value" and they could be better "shoppers" of health care. Since so many patients have large deductibles and copays, it has been conventional wisdom that providing transparent prices would lower overall costs. As people are spending their own money,
Monday, May 16, 2016
Transparency Price Tools Did Not Lower Health Costs
For years experts have been saying if consumers knew the price of certain health care services they would be able to decide what services bring "value" and they could be better "shoppers" of health care. Since so many patients have large deductibles and copays, it has been conventional wisdom that providing transparent prices would lower overall costs. As people are spending their own money,
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