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.
There Are Better Healthcare Options Out There
Open Enrollment Season is upon us. It’s that time of year where employees, self-employed, businesses, and local governments start crunching numbers to see how much health insurance will cost next year—and, surprise of surprises, the answer is almost always “a lot more.” Worse yet, the Federal Budget impasse and Government shutdown over ACA healthcare subsidies...