"It should be concerning to every lawmaker in the country that 18% of the U.S. economy is shrouded in mystery," explains de Brantes. "Without price information, how can we possibly expect consumers to act in a value-conscious way? It is a duty of every state to protect its residents from unfair trade practices, and health care consumers are, for the most part, completely left to fend for themselves."In the private sector, many health plans, employers, and an increasing number of other vendors have developed consumer price transparency tools that make price information more accessible to consumers. While these tools continue to evolve, none yet meet all of CPR's Comprehensive Specifications for Consumer Transparency Tools. They also suffer from missing data and many consumers do not have access to them. While private sector progress has been publicized, little has been done to evaluate and compare state level efforts regarding transparency.
Most States Fail To Make The Grade In Health Care Price Transparency For Consumers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.