Describe how Medicare impacts the lack of price transparency and quality today.
Describe how Medicare impacts the lack of price transparency and quality today.
Homework Answers
Ans) Under the hospital price transparency rule, hospitals must publish their standard charges online in a machine-readable format.
- HospitalsHospitals have argued that making them disclose negotiated prices will increase healthcare costs by allowing insurers to collude to fix prices, a claim that many economists dispute.
- Price transparency absent corresponding quality and out-of-pocket-cost data may lead to poor health care choices and higher costs, without improvements in the care provided.
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Describe how Medicare impacts the lack of price transparency and
quality today.
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