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President Trump: Let traditional healthcare economics work | pennlive.com

In recent weeks President Trump has floated a new rule that would require health care providers such as hospitals and doctors to publicly provide a price list of their services. This plan to improve so-called “price and quality transparency in American healthcare” sounds good at first blush, but it is important to think through the actual effects of such a policy.

While the rhetoric surrounding the proposal promises to make the healthcare market more competitive by cloaking it in the idea of free markets, the actual impact would make the healthcare market less competitive. Why?

The proposed price transparency plan as it stands would force healthcare providers to overlook the number of factors that go into the actual costs of a particular patient’s needs, in an attempt to arbitrarily arrive at a price.

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President Trump: Let traditional healthcare economics work | Opinion – pennlive.com.

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