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Americans Should Know Healthcare Prices Before Getting the Bill

Americans Should Know Healthcare Prices Before Getting the Bill

Americans Should Know Healthcare Prices Before Getting the Bill
Most Americans want to know the price of healthcare before they get it. A 2025 poll showed 96% of Americans want this. Now, Congress is working to make healthcare price transparency a law.
Why is healthcare price transparency important?
Healthcare price transparency helps fix the broken healthcare market. It gives patients the information they need to shop for healthcare. This puts pressure on care providers to justify their prices, which can lower prices.
3 steps can stop fraud and make healthcare more affordable.
Prices for the same procedure can be very different. This is a problem because patients don't know the price until they get the bill. Many Americans have healthcare debt and high-deductible health plans.
We spend a lot of money on healthcare - about $5.3 trillion. But we don't know what we get for that money.
We don't know what we get for the money we spend on healthcare.
Many Americans have healthcare through their employers. But employers don't know what they get for the money they spend on healthcare either.
Medicare is one of America's greatest successes, but it's also a fiscal problem.
Healthcare price transparency can help employers manage their healthcare plans better. It can also help them demand better quality of care.
When employers save money on healthcare, employees can get higher wages. This can help families who spend a lot on health insurance.
Healthcare price transparency can also help innovation. When there's competition, organizations try to improve and get an edge.
Healthcare price transparency gives power back to patients. Studies show it can save billions of dollars.
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There's more evidence that healthcare price transparency is a good idea. Now, Congress needs to act.
It's time for healthcare price transparency to be a law. Most Americans agree.
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The opinions in this article are from the authors and not their employers.
The author is a Harvard-trained surgeon and researcher who writes about healthcare transformation.