Information asymmetry relating to price between providers and patients is an unfortunate feature of healthcare in the United States and Texas. Pricing information asymmetry, wherein patients have insufficient information about healthcare prices, may lead to patient confusion, dissatisfaction with service, or even the avoidance of care due to fears of unknown costs. Notably, 62% of Texans reported forgoing healthcare due to anxieties about cost.
Poll: Texans are not satisfied with the healthcare status quo
Recent polling from TPPF shows the frustration caused by rising costs and harm our healthcare system and insurance systems have created. Only 42% of Texans are satisfied with the value of their health insurance plan, more than two-thirds consider healthcare costs a burden, and 3 out of 4 agree drug prices are too high. Further,...