Transparency in Health Care: What Consumers Need to Know
Publication Date: January 2007
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Alex M. II Azar; Thomas P. Miller; David B. Kendall; Walton Francis
Research Area: Health
Keywords: Health care; health plans
Type: Speech
Coverage: United States
Abstract:
Consumer-driven health care begins to encourage more cost- and value-sensitive decision-making in decentralized, individual-level decisions. The health care market responds to economic laws just as all other markets do. In a free market, where consumers make their own decisions, technology and techniques rapidly improve. Quality rises and prices drop. In short, freedom fosters prosperity.
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