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Defending the power of our states since 2009
By Trent England
Executive Director, Save Our States
Why does the price of healthcare keep going up? We all pay, whether in rising insurance premiums, out-of-pocket charges, higher taxes, or both private and public debt. Yet now a simple idea—price transparency—could bring costs under control.
The biggest single driver of rising healthcare costs are hospitals, which account for nearly a third of healthcare spending. Add in physicians and clinics and you’re over half. One thing these providers often have in common is a reluctance to provide real prices before patients make treatment decisions.
Americans shop and compare prices for every other purchase. Why, for medical care, are we kept in the dark? Even employers that provide health insurance for workers and families find it hard to negotiate better plans or detect improper payments due to the lack of transparency.
Read the full article at Breitbart.