Hill April 17, 2019
At the heart of our nation’s debate over health care are two questions: Do we currently have a market for health care? Should we have one?
The answer to the first question is easy: No. While the U.S. has a quasi-public, quasi-private health-care system, we do not currently have a strong marketplace for health-care services and treatments. Almost none of the characteristics of a healthy market are present.
Notably, there is little information available about how much treatments and services cost. In other words, there’s no price transparency. Americans notice this when they struggle to get information about their own health-care costs. They’re frustrated and harmed by surprise bills and exorbitant charges.
If we could reform...
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