Strategic reference-based pricing: A cure for the medical overbilling epidemic
DOTmed April 12, 2024
No one is immune from the nation’s medical overbilling epidemic – not even a former U.S. surgeon general. Jerome Adams, who served in that post under President Donald Trump, recently received a staggering $5,000 medical bill for a routine ER visit to treat what turned out to be dehydration. He noted that despite his extensive knowledge and resources, navigating the complexities of healthcare billing proved to be a daunting task. His experience underscores a pressing need for clear and accurate price transparency in U.S. healthcare to avoid egregious bills in the first place.
Adams has plenty of company when it comes to this issue. Many patients are often blindsided by exorbitant medical bills and a lack of transparency, grappling with...