New Congress must pass health care price transparency | Opinion
Congress can boost compliance and improve the rule by codifying it into law. It can make the rule more effective for consumers by requiring hospitals to follow clear data disclosure standards to allow third-party tech innovators to aggregate prices in easy-to-use web applications the way travel websites aggregate airfares on sites like Kayak or Expedia.
Legislators can further improve the rule by eliminating a loophole that permits hospitals to post estimates instead of real prices. Cost estimates are faux transparency. Only actual prices empower consumers to compare and substantially save with peace of mind that the final bill will match the quoted price.
The new Congress can score an early victory by reversing runaway health care costs through robust price transparency, a solution supported by an overwhelming bipartisan supermajority. The divided Congress should make this health care fix its top priority., and the founder and former CEO of ViaCord Inc. She wrote this column for The Dallas Morning News.
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