A study recently published in Health Affairs describes how price transparency drove down the cost of MRIs by almost twenty percent from 2010 to 2012. Compared to patients who did not have the advantage of transparent pricing, cost per procedure dropped $220. Further, there was a significant shift from hospitals to outpatient facilities.
This result is just the beginning.
Read the entire column at the Independent Institute's Beacon blog or NCPA's Health Policy Blog.