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Published on: February 16, 2011
If Patients Don't Use Available Health Service Pricing Information, Is Transparency Still Important?
Christopher Whaley1, Austin Frakt2
1Economist with the RAND Corporation and a professor in the Frederick S. Pardee RAND Graduate School in Santa Monica, California.
Abstract:
The US health system is replete with health service pricing idiosyncrasies and opacity unrelated to quality. Online tools intended to make health care purchasing resemble consumerism by making prices transparent have had little if any effect on improving health care market functioning and changing patient behavior. Although price transparency is still in its infancy, it holds promise to be as useful to patient-consumers as it has been to large purchasers (eg, employers) of health services and policymakers. But even if price information is not routinely used by patients, transparency of such information still has ethical importance in a market in which patients pay increasingly high out-of-pocket costs.
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