People should be told in advance how much they will be charged for medical services. So why do so many Americans get sticker shock when the bill arrives? The main problem is that US healthcare markets are highly concentrated. This limits consumer choice, as well as competition between plans and providers. Thankfully, policies to promote greater healthcare pricing transparency are garnering rare bipartisan support in Washington. The Biden administration has already embraced the Trump administration’s groundbreaking hospital and health insurance transparency initiatives. The House Energy and Commerce Committee recently passed…
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