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October 22/29, 2014

Health Care Price Transparency and Economic Theory

Author Affiliations
  • 1Woodrow Wilson School of Public and Internal Affairs, Princeton University, Princeton, New Jersey
JAMA. 2014;312(16):1642-1643. doi:10.1001/jama.2014.14276

Citizens in most economically developed nations have health insurance coverage that results in only modest cost sharing at the time health care is used. Furthermore, physicians, hospitals, and other clinicians and entities that provide health care within most systems outside the United States are paid on common fee schedules uniformly applied to all clinicians, health care organizations, and insurers. That approach spares the insured the need to seek out lower-priced health care and obviates the need for transparency on the prices charged by individual clinicians and organizations that provide health care.

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