Consumers want and need price transparency in health care, lawmaker says
Medical Economics February 22, 2024
Election year politics could spur legislative action for medical care.
Americans spend an enormous amount of money on health care – $4.5 trillion in 2022.
But patients and physicians don’t always know the cost of services before they happen.
Patients, physicians, lawmakers and regulators all are involved in the continuing evolution of price obscurity and price transparency in the American health care system.
Rep. Larry Bucshon, MD (R-Indiana), spent years as a practicing physician and cardiothoracic surgeon before being elected to Congress in 2010. As vice chair of the Health Subcommittee of the House Committee on Energy & Commerce, he has reviewed numerous pending bills that would affect health care and medicine around the nation.
On Feb. 16, Bucshon spoke...