14. The Importance of Price Transparency

Millions of Americans feel confused and frustrated in their search for quality healthcare coverage.

Between out-of-control costs, countless inefficiencies, a lack of affordable universal access, and little focus on wellness and prevention, the system is clearly in dire need of change.

Hosted by healthcare policy and technology expert Marc S. Ryan, the Healthcare Labyrinth Podcast offers accessible, incisive deep dives on the most pressing issues and events in American healthcare.

Marc seeks to help Americans become wiser consumers and navigate the healthcare maze with more confidence and certainty through the Healthcare Labyrinth website.

Marc is an unconventional Republican who believes that affordable universal access is a wise and prudent investment. He recommends common-sense solutions to reform American healthcare.

On this episode of the Healthcare Labyrinth Podcast, Marc discusses price transparency in the US.

America’s healthcare system can engage the public more meaningfully to provide honest pricing.

Marc talks about what price transparency is, why it is important, and what regulators are doing to promote it in the US.

Listen in to learn more about the progress of price transparency in the US.

Key Takeaways  

Cost sharing can be different between services based on what your healthcare benefits negotiate. This means price transparency is important.

Actual rates paid by health plans to hospitals are a fraction of the billed/ charged master rates.

America needs prices set uniformly by region and the same across healthcare plans.

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The Healthcare Labyrinth: A Guide to Navigating Health Plans and Fixing American Health Insurance

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