Business Management

Hospital Prices Posted. Few Patients Look.

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Republicans advocate for patients to shop for healthcare prices, promoting health savings accounts and price transparency measures. Despite efforts by past and current administrations to mandate public pricing by healthcare providers, compliance remains low, with data often being opaque and confusing. A 2021 study revealed that patients usually follow their physicians' recommendations without price comparison, undermining the intent of transparency policies. Researchers believe the available data is largely used by health systems for negotiations rather than by patients, leading to unfulfilled expectations regarding price competition.

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