The Latest Case for Health Care Transparency
We’ve long been advocates of this concept; all the way back in ’05, we had an exclusive interview with one of its earliest architects:
Over time, I became enamored of what I named “The McDonald’s Model,” which was eventually manifested most explicitly by a clinic in Southern California. Again, the emphasis was on providers giving consumers the price of their services up front, just as Ronald McDonald or Burger King tell us how much that burger and fries is going to cost.
Now, FoIB Steve Downey alerts us to the latest development:
Well first, good on them – it’s been a slog.
Second, it will … interesting … to see how (if?) this is actually implemented. As it is, the ruling seems to apply only to “the actual prices for common tests and procedures,” the idea being that this will encourage competition and thus lower costs. Obviously, we’re all for that latter, but I remain skeptical that this will actually be the end result.
For once, I hope to be proven wrong.
[Hat Tip: FoIB Shari G]
Source: http://insureblog.blogspot.com/2020/06/the-latest-case-for-health-care.html
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