Price Transparency: Empowering Patient Choice and Promoting Provider Competition. J Med Syst 2020 Mar 05;44(4):80
Date
03/07/2020Pubmed ID
32140942DOI
10.1007/s10916-020-01553-2Scopus ID
2-s2.0-85081529536 (requires institutional sign-in at Scopus site) 11 CitationsAbstract
In light of recent health policy efforts to promote price transparency, this perspective reviews the challenges and benefits of price transparency. These price transparency efforts include the recent executive order and associated rulemaking directing providers to disclose negotiated and out-of-pocket costs for "shoppable" healthcare services. First, we explore the previous efforts of states and health plans targeted at price transparency, reviewing lessons for future implementation. Second, we address the value of price transparency in light of various policy concerns and objections. Finally, we jointly hypothesize potential effects of and opportunities presented by price transparency for patients, physicians, and other healthcare industry stakeholders.
Author List
Miller BJ, Mandelberg MC, Griffith NC, Ehrenfeld JMAuthor
Jesse Ehrenfeld MD, MPH Sr Associate Dean, Director, Professor in the Advancing a Healthier Wisconsin Endowment department at Medical College of WisconsinMESH terms used to index this publication - Major topics in bold
Choice BehaviorDelivery of Health Care
Disclosure
Health Expenditures
Patient Preference
Quality Improvement
United States