Health researchers hope a new regulation requiring hospitals to post their prices will tame soaring health care costs, but compliance and standardization are hurdles.
In the U.S. health care industry, price and cost are often conflated.
Getty Images / Johnny Greig
It’s not the price of health care that should concern us. It’s the cost. There’s a distinction, and it matters. Here’s why.
President Donald Trump pictured with HHS Secretary Alex Azar on June 24, 2019, after signing initial legislation to require hospitals to reveal their prices.
Caroline Kaster/AP Photo
Would you buy a pair of shoes without knowing the price? Consumers have bought medical care from hospitals for years without knowing the costs, but new regulations will change that.