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> Price transparency is the number 1 hurdle facing American healthcare. How are you supposed to fix a cost problem if you don't know what anything costs? Worse
by chimeracoder 9y ago
> Price transparency is the number 1 hurdle facing American healthcare. How are you supposed to fix a cost problem if you don't know what anything costs? Worse yet, how can there be a market for a service if there are no prices??? Less than 10% of healthcare expenditures are emergencies, that leaves a lot of room for shopping around.
I agree with you, but this will almost certainly never happen in the US, because Medicare benefits too much from the lack of transparency to allow it to pass. Politically, actual price transparency is a non-starter for Democrats. In theory it could be for the Republican party, but as you point out, they're not really acting rationally at the moment either, to say the least.
- ThrustVectoring 9y agoCould you please explain further how Medicare benefits from the lack of price transparency?