Why is Price transparency a challenge in the healthcare system today

Essentials Of Human Development
1st Edition
ISBN:9781285647357
Author:Kail
Publisher:Kail
Chapter12: Work: Occupational And Lifestyle Issues In Young And Middle Adulthood
Section12.3: Occupational Transitions
Problem 7TY
icon
Related questions
Question

Why is Price transparency a challenge in the healthcare system today 

Expert Solution
Step 1

Healthcare includes various services such as surgeries, laboratory and diagnostic services, pharmaceuticals, and other medical services. The cost or price of these medical procedures is different across the nations and can vary even in different healthcare institutions present in a city. The general charges may be different from the information provided. The charges may include other charges such as deductibles, coinsurance, copayments, and amounts for the service that are not provided in the benefit design of the patient.

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Health promotion
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, biology and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Human Development
Essentials Of Human Development
Biology
ISBN:
9781285647357
Author:
Kail
Publisher:
Cengage