Cost Transparency for Medical Treatment

Every hospital or medical clinic should show the upfront cost associated with any treatment prior to any insurance coverage. Price transparency is crucial for creating a competitive landscape where consumers can make educated decisions and not be left with a massive medical bill especially for non-medical emergencies.

Original price (prior to any insurance coverage) should be listed on every medical service website.

4 Likes

Although I like your intention, the reality is that if you knew the overall end result when you go into a hospital, then you could jump straight to the correct treatment. The reality is that there is a lot of exploitation and testing that goes into finding the problem first of all then treating it. Now if you want this for a basic set of procedures then I guess it could be done but the fact that insurance companies have negotiated prices means that cash customers get hit with the non negotiated prices first which is why costs are so inflated. Instead we need flat pricing with a nominal amount of profit allowed for instead of hyper inflated pricing designed to insure that the hospital can cover costs, pay workers, and make a hefty profit to boot no matter what.