If hospitals revealed their prices, would we become better healthcare consumers?
If hospitals revealed their prices, would we become better healthcare consumers? Donald Trump recently ordered hospitals to reveal their prices. Will this lead to more competition and price transparency? According to the NY Times, Hospitals must reveal their chargemasters or prices to the public. Chargemasters are lists of prices that are the retail costs hospitals charge their patients. True, insurance carriers negotiate these rates down, however, unless the posted costs show what it costs for a problem to be addressed, consumers may not have a clue. An example of this would be if you needed a couple of stitches after
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