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A second feature that facilitates price opacity is the pervasive price discrimination that pervades the health care system in the United States.
The obvious antidote to price opacity is price transparency, but such transparency may have a range of effects, depending on where it is applied in the many layers of health-care delivery.
An interesting Web site on prices for health care appears to have been established by a physician who, as the father of a sick child, was appalled by the price opacity he confronted.
Price opacity turning into price transparency.
This, the company claims, leads to price opacity and inefficiencies, something it is aiming to eradicate.
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Internet connectivity, e-commerce and smart phones have given consumers Freedom From pricing opacity that traditional retailers previously deployed to "capture" greater market share and more customers.
Therefore, we believe charges are worth studying and provide insight on the price variation and opacity seen in healthcare.
That risk can be properly priced when the opacity and lack of transparency of financial firms and new instruments leads to unpriceable uncertainty rather than priceable risk.
The savings are hard to verify, because the market's opacity makes price comparisons nearly impossible.
This strategy is enhanced by the opacity of prices in American health care.
The opacity of pricing makes it hard for insurers (and harder still for patients) to shop around.The third attraction of private insurance, innovation, is also proving elusive.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com