Monday, October 20, 2014

Price transparency and ease of discovery is a good thing for consumers

Which is why our "caring", "charitable" sectors obfuscate so hard. Even persuading the Feds to ban price lists for Medicare providers. I'm starting to think that the more "greedy" an institution is characterized  the more honest it's likely to be simply because it likely faces lots of scrutiny whereas the "boni" get little because after all everyone "knows" that they're good. Like the 4X looters of higher education. Watch the boni try to put Keith Smith in jail. Hattip Carpe Diem.

Good things happen when healthcare buyers and sellers are in the same room? Dr. Keith Smith, founder of the Surgery Center of Oklahoma, says that it is the “ethical and moral obligation of the healthcare services seller to provide the prospective buyer a price in advance of the provision of the service.” By posting prices and increasing transparency, The Surgery Center of Oklahoma have decreased prices to such a level that care is now accessible to his community. Dr. Smith notes that “Price-revealing actions have allowed people to purchase care they previously assumed was otherwise unaffordable, people who had neglected their health entirely, based on a lack of visible pricing.”

http://benjaminrushinstitute.org/good-things-happen-when-healthcare-buyers-and-sellers-are-in-the-same-room/

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