Patients Don't Shop Around, Even When They Can

The video discusses the challenges of price transparency in healthcare, highlighting the variability in prices for similar services and the lack of correlation with quality. Despite state laws and tools aimed at improving transparency, their effectiveness is limited due to low usage and consumer complexity. The video also explores how insurance impacts consumer choices and the potential for price transparency to reduce healthcare spending. It concludes that while transparency is part of the solution, it is not the sole answer to reducing costs.

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