Transparency needed to reduce health costs
Healthcare prices are out of control. The average cost of a three-day hospital stay in the United States now exceeds $30,000. A simple MRI can cost $300 in one facility, or $3,000 in another – sometimes in the same city. For working families and employers, these numbers are not abstractions. They can mean the difference between financial security and debt. Over the past two decades, hospitals have effectively consolidated into powerful, regional monopolies – ”nonprofits” with billions in surpluses. All the while, they’ve expanded with enormous government subsidies – ...