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Government control in pricing can also increase transparency. Hospitals are classified by level, and there should be laws on what each hospital level should charge.
Government control in pricing can also increase transparency. Hospitals are classified by level, and there should be laws on what each hospital level should charge. There is increased economic efficiency if healthcare providers charge the same amount for the same services as it enhances hospital cost transparency. It means that both insured and uninsured persons can identify where they would get the best care. As you noted, there is need to have a consistent guideline on what the medical facilities offers and at what prices. It would offer a list of the services offered and the prices charged. I believe this is an important recommendation that may even increase the number of patients seeking services from such facilities. However, there exists a free market in the United States in which private healthcare facilities dominate. This allows them to determine how they run these facilities. Could it be a challenge to implement such a recommendation
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