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- Title
Price Transparency in United States' Health Care: A Narrative Policy Review of the Current State and Way Forward.
- Authors
Bernstein, David N.; Crowe, Jonathan R.
- Abstract
Health care price transparency is gaining momentum as a tangible policy intervention that can unleash market principles to increase competition, help begin to decrease U.S. health care expenditures, and provide Americans with access to affordable, high-quality health care. Indeed, pricing reform is required to facilitate patient shopping in health care. In this narrative policy review, we offer a brief history of health care price transparency efforts and an overview of the health care price transparency literature. Further, we highlight the current rules and legislative initiatives aimed at achieving the full potential of health care price transparency. Lastly, we offer key takeaways and highlight suggestions for future policy directions, including the need to ensure hospital and insurance compliance through more appropriate penalties and incentives, importance of reducing regulation to promote financial upside that can be obtained by both patients and providers who actively promote shopping for lower cost, higher quality health care goods and services, and the need for transparent and easily found quality metrics, including outcomes most important to patients, driven by physicians "on the ground" with patient input.
- Subjects
UNITED States; HEALTH services administration; HEALTH services accessibility; MEDICAL quality control; CENTERS for Medicare &; Medicaid Services (U.S.); HEALTH policy; HEALTH insurance; SHOPPING; HOSPITALS; TREATMENT effectiveness; BUSINESS; HEALTH care reform; LOGIC; PUNISHMENT; HONESTY; REGULATORY approval; PHYSICIANS; ECONOMIC competition; PRACTICAL politics; MEDICAL care costs; GOVERNMENT regulation
- Publication
Inquiry (00469580), 2024, p1
- ISSN
0046-9580
- Publication type
Article
- DOI
10.1177/00469580241255823