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Price Transparency Requirements
| Q |
Why do purchasers and consumers need price transparency? |
| A |
For three main reasons:
1. To help purchasers contain healthcare costs;
2. To inform consumers’ healthcare decisions as they assume greater financial responsibility; and
3. To reduce unknown price variation in the system.
(Source: Catalyst for Payment Reform, Price Transparency: An Essential Building Block for a High-Value, Sustainable Health Care System. http://www.catalyzepaymentreform.org/images/documents/CPR_Action_Brief_Price_Transparency.pdf.) |
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