PennLive September 19, 2021
Imagine going into a restaurant and seeing every item on the menu listed as “Market Price.” You ask what that price is, but the server can’t tell you. Now imagine every restaurant in town has all their items listed as “Market Price.” How could you possibly decide what to order and where?
That is the exactly the situation Americans find themselves in when they need hospital care.
The same test or procedure at two different facilities can have radically different negotiated prices, often thousands of dollars apart, and the patient has no way of knowing. This difference matters to the large number of patients who have high deductible plans who end up bearing most of the costs....
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