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.
Governor’s Healthcare Plan is a Solid Start
We applaud the Texas Gov. Greg Abbott’s plan to remove unnecessary Obamacare-era mandates. It is critical to open up more options for Texans in the currently restrictive healthcare markets. Texas needs healthy healthcare again. Far lower costs with the same or even better level of medical care are easily achievable now, but restricted by outdated...