Why Hospital Prices Must be Transparent Print This Post Email This Post


Hospital prices must be made transparent, because no market can work without clear prices for goods and services.

Can you walk into a Wal-Mart without seeing the price of anything for sale? No. Jiffy Lube? Giant? Safeway? Mejiers?

America has been lulled into accepting invisible pricing and huge insurance premiums for health care, which have driven the cost of health care to heights unseen, and made health care unaffordable for many — which has provoked the political system into relieving the costs for employers and individual by expanding government control of health care.

The United States government already spends 50% of the money spent on health care every year.

Why with more government control will health care be less expensive or higher quality?

The market, which can change and react, which has proven itself in every other market in the United States, has increased quality and lowered prices in one health care sector that is without insurance, Lazik eye surgery. What started out as $5,000 an eye has become $500 an eye, with higher quality results.

Until hospitals start acting like businesses which sell goods and services and price them for all to see, and to compete with, then we will be constantly at the mercy of radically increasing health care prices.