Transparency
What to Know: Two friends in Texas were tested for COVID-19. One was billed $199. The other was billed $6,408.
The TPPF Take: Requiring hospitals and insurers to disclose rates and prices can reduce inflated health care costs and benefit all Americans.
“Health care consumers do not know what they’ll pay until after treatment occurs,” says TPPF’s David Balat. “As a result, providers can charge far more than if patients had pricing information to inform their treatment decisions before receiving care.”