Does the health care system need its own SEC?
The SEC has brought transparency to the financial system and policed the market to ensure fairness. Does health care need something similar?
(Bloomberg Opinion) –The U.S. health care system suffers from a lack of transparency. Employers, insurers and individual consumers pay varying prices for treatments, drugs and digital information of varying quality, without knowing whether the prices are relatively high or low, or whether they receive good value for the money. This protects providers from needing to compete on the price and quality of their care. Lack of competition, in turn, inflates the cost and probably also diminishes the quality of health care.
President Donald Trump’s administration has begun to shine a light on the situation by requiring hospitals to...