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Price Transparency Won’t Work Unless Patients Give a Hoot | Managed Care magazine

Companies that sell computers, cloths, food, or most other items Americans buy are not required by law to post their prices. But many do anyhow because consumers are always out to save money. Except when it comes to health care, argues Scott W. Atlas, MD, in an opinion piece in the Wall Street Journal.

All the recently passed and proposed legislation that seeks to bring price transparency to health care won’t work if consumers don’t really need to know and, for the most part, that’s the case, argues Atlas, a senior fellow at Stanford University’s Hoover Institution. And forget about any single-payer system being the answer, because “centralized models uniformly regulate costs by restricting health care use, generating lengthy delays for needed care, limiting access to important drugs and technology, and ultimately resulting in worse disease outcomes.”

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Price Transparency Won’t Work Unless Patients Give a Hoot | Managed Care magazine.

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