Hospitals around the country are pushing back on attempts to enforce price transparency for those seeking medical services. Dr. Steven Goldstein (houstonhealthcareinitiative.org), Founder of the Houston Healthcare Initiative, joins us today. He explains how hospitals use the cost plus system where they charge if there's more time used or if doctors use something extra. They should use the up-font one-price system which would incentivize them to be more efficient. Even now, with transparency laws in place, hospitals are trying to get around quoting one price. The system is geared toward insurance companies, hospitals, and doctors. The patient, however, seems to be forgotten. Except when the bill comes due.
John opens up the show today giving his thoughts on the new paradigm we find ourselves in following the election and last week's violence at the U.S. Capitol. It is a pivot we must recognize and cope with moving forward. And Steel on Steel plans to pivot to that as well, providing our listeners with the best information to move forward in what are going to be very interesting times.
Tomorrow we will focus on this new paradigm shift, but the crux of today's show will focus on medical price transparency. As of January 1, hospitals are forced to publish real prices for healthcare, including cash and backroom negotiated rates. Cynthia Fisher (patientrightsadvocate.org), Founder and Chairman of an organization called Patient Rights Advocate, joins us to explain how price transparency opens the door for competition in the healthcare market, giving consumers more say in how they spend their money. The Trump administration actually used the Affordable Care Act to make this possible – and affordable! And next year, insurance companies will be on the hot seat.