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.
How Middlemen and Hidden Kickbacks Inflate Healthcare Costs
This is the time of year employers, local governments, employees, and individuals are looking at their healthcare renewals and expect double digit insurance premium increases for 2027. This pours fuel onto the fire of a healthcare system in crisis. Renewal notices often arrive at the last minute so CFOs and HR directors do not have...