Should Pricing for Medical Services be Regulated to be Transparent?
Congressman Paul Ryan agrees that not knowing the price for procedures reduces consumers' ability to comparison shop and make educated decisions.
Congressman Paul Ryan made his last two stops for his 19-city tour of the First District today in Sturtevant and Racine.
In Sturtevant, a woman stood up and thanked Ryan for his service and then asked him if his plan would provide consumers a way to comparison shop. This resident explained that as an employee in the healthcare system, she sees the inequities of pricing structure, but as a consumer who comparison shops for other goods and services her family needs, she's frustrated by not being able to do the same for healthcare.
Ryan agreed that the pricing structures are flawed, and explained why they're flawed.
And while the Path to Prosperity doesn't address this issue, he said he is helping author new legislation tackling the need for healthcare transparency that he will introduce that bill down the road a bit.
Watch the video and tell me what you think. Does healthcare pricing need to be as transparent as reading a menu at a restaurant? Should government regulate to get transparency? How will such transparency help us control the way healthcare costs rise?