Despite widespread support for price transparency as a cost-reducing measure in the health care industry, Gilbert Benavidez and Austin Frakt write that it has ultimately “rarely worked.”
Transparency alone, they write, is not enough.
” … Evidence shows that transparency does little by itself,” Benavidez and Frakt write. “Some argue health care prices may actually go up in some cases. Giving consumers information alone does not mean they will actively use it to shop around for lower costs.”
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