Recent reports suggesting that many hospitals have failed to comply with price transparency regulations finalized by the Trump Administration should not come as a surprise. In recent years, analysts on both the Left and the Right have expressed concern about consolidation within the hospital sector, and how hospitals’ lack of transparency and market power have contributed to ever-rising prices for care.
But while some agreement exists across the political spectrum about the nature of the problem, both sides disagree on the potential solutions. While the Trump Administration’s efforts could serve to lower prices through consumer power and transparency, the Biden Administration will likely turn to arbitrary government price-fixing to “solve” the problem of rising costs — possibly creating more problems in the process.
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