Shifting Focus: Reduce Healthcare Costs by Increasing Transparency
The unique healthcare system in the United States is a beast, with an insatiable appetite for money. The cost of prescription drugs, hospital services, surgeries, diagnostics and treatments continue to rise with no end in sight. The Affordable Care Act focused largely on insurance and taxes. However, both are funding methods for feeding the beast. The spotlight must be changed. The search for solutions should be focused on the beast itself….the cost of care and treatment. For instance, transparency in price and practices among drug manufacturers and PBMs would be a great step in cutting the appetite of the beast.