Empower Patients Through Price Transparency

Price transparency in healthcare is crucial for fostering competition among providers. Organizations like Power to the Patients advocate for patients to know costs upfront, such as the price of MRIs, to encourage hospitals to compete and lower prices. An executive order intended to support this transparency has seen insufficient enforcement under the current administration. Many healthcare providers are unaware of their own cash prices and largely depend on insurance reimbursements. This lack of knowledge and disregard for price transparency demonstrates the need for enhanced patient empowerment and accountability within the healthcare industry.

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