The Trump administration said Friday it would begin forcing US hospitals to publish their prices of care and the discounted deals they reach with insurers from 2021 in a bid to rein in health care costs. Good move?
I think the system needs MUCH, MUCH bigger change than this, but this is at least a small step in the right direction.
I don’t see how this would make healthcare affordable? I know the prices of my prescriptions. That doesn’t mean I can afford them.
Trump doing something liberal? I’m surprised but I agree.
Will this work as well as the way they promised to lower prescription drug prices?
Yes, I think it’s a good first step. People can’t shop around for services if they can’t compare prices.
1. I don't believe the government should force private companies to reveal business agreements.
2. I don't think this is what it would take to make a difference.
This doesn’t matter. It won’t change anything for the average joe, and you’ll have to have a PhD to understand anything (and even then you’ll be confused). Healthcare is complex.
I voted yes but I think the raw data will be highly misleading and few people will have the expertise to evaluate the data.
You don’t think people can evaluate prices? Am I missing something?
There are different ways of reporting charges. For instance, a chest x-ray might be reported as costing $50 at one facility and $25 at another but the $50 might be a global fee which includes the radiology reading where the &25 fee might only include the X-ray and you would be billed another $50 by the radiologist. The $50 would than be cheaper than the $25 + $50 = $75. It’s more complicated than just looking at a list of fees.
I guess that is a good enough reason to say don’t worry about the price until you have received treatment, then we will come up with some amount to charge you that works for us and destroy your credit score if you don’t pay it. That makes total sense.
It’s a good first step but it doesn’t really offer solutions to our overpriced healthcare system.
Perhaps they should also publish the prices Medicare pays for the exact same treatment.
That might be a step to lowering overall costs.
Anyone voting no, I would like to hear your logic.
This policy by itself could bankrupt healthcare providers, who rely on high paying plans to offset unprofitable care. The entire structure needs an overhaul.