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Related Experiment Video

Updated: May 13, 2026

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
11:51

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Published on: March 2, 2011

Is the price right?

Amy Lynn Sorrel

    Texas Medicine
    |March 13, 2013
    PubMed
    Summary

    A Texas legislative committee explored requiring physicians to publicly report service payment amounts. The majority rejected this, favoring existing cost-estimation tools and encouraging patient inquiry for informed health care decisions.

    Area of Science:

    • Health care policy
    • Health economics
    • Health services research

    Background:

    • The Texas Institute of Health Care Quality and Efficiency was established by the 2011 Texas Legislature.
    • The institute was tasked with studying health care quality, efficiency, payment systems, and data transparency.
    • Discussions arose regarding public physician payment reporting to inform consumers.

    Purpose of the Study:

    • To evaluate the feasibility and impact of requiring physicians to publicly report and adhere to payment amounts for specific services.
    • To determine if such transparency would enhance consumer decision-making in health care.
    • To recommend strategies for improving health care data transparency and consumer access to cost information.

    Main Methods:

    • The study involved discussions and deliberations among the institute's board members.

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  • Analysis of existing remedies for estimating patient out-of-pocket costs.
  • Consideration of proposals for enhanced transparency in health care pricing.
  • Main Results:

    • A majority of the board members rejected the proposal for mandatory public physician payment reporting.
    • The institute's report to the legislature highlighted existing cost-estimation tools.
    • Recommendations focused on encouraging patients to proactively seek out-of-pocket cost information.

    Conclusions:

    • Mandatory public reporting of physician payment amounts was not recommended by the majority of the institute's board.
    • Existing mechanisms for estimating patient costs and empowering patients to inquire about costs were favored.
    • The issue of health care price transparency is likely to be revisited in future legislative sessions.