Health Care Price Transparency and Economic Theory

Citizens in most economically developed nations have health insurance coverage that results in only modest cost sharing at the time health care is used. Furthermore, physicians, hospitals, and other clinicians and entities that provide health care within most systems outside the US are paid on commo...

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Bibliographic Details
Published in:JAMA : the journal of the American Medical Association 2014-10, Vol.312 (16), p.1642-1643
Main Author: Reinhardt, Uwe E
Format: Article
Language:English
Subjects:
Access to Information
Cost sharing
Disclosure
Economic theory
Health Care Costs - standards
Health care expenditures
Health economics
Health insurance
Humans
Insurance coverage
Insurance, Health, Reimbursement - economics
Quality of care
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Summary:Citizens in most economically developed nations have health insurance coverage that results in only modest cost sharing at the time health care is used. Furthermore, physicians, hospitals, and other clinicians and entities that provide health care within most systems outside the US are paid on common fee schedules uniformly applied to all clinicians, health care organizations, and insurers. That approach spares the insured the need to seek out lower-priced health care and obviates the need for transparency on the prices charged by individual clinicians and organizations that provide health care. Here, Reinhardt examines health care transparency and economic theory in the US.
ISSN:0098-7484
1538-3598
DOI:10.1001/jama.2014.14276