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Health care costs have an incentive and price transparency problem. If hospitals had to post their prices on the internet and people had an incentive to save mo
by zip1234 9y ago
Health care costs have an incentive and price transparency problem. If hospitals had to post their prices on the internet and people had an incentive to save money, the costs would go way down. There may be some truth to the argument, but the author ignores the ability of a market to drive down prices and improve products. As it stands, we have a market, but the lack of price transparency causes significant inefficiencies. The government should tweak the current system to require open data standards. This would allow a value-for-money comparison when people choose physicians/treatment and increase the efficiency of the system.