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Learn MorePatients' Right to Save
The healthcare sector lacks most hallmarks of a functioning marketplace. Patients don’t know the price of care before treatment, are often forced to see more expensive doctors or obtain care at more expensive facilities, and often receive little or no financial benefit when they do shop for and visit high-quality, lower-cost providers. But states can lead the way to restore the healthcare marketplace. Our Patient’s Right to Save reform requires providers to publish cash prices for procedures, gives patients deductible credit for paying cash prices below their insurer’s lowest negotiated rate, and finally incentivizes shopping after a patient’s deductible by letting the patient split the insurer’s cost savings when the patient pays a cash price below the insurer’s lowest negotiated rate. This policy realigns incentives to encourage patients at all levels of spending to seek high-value, lower-cost care, even for patients with chronic conditions and high annual spending.
Resources
Featured Research
Patient’s Right to Save Report
A Roadmap Explaining How States can Create a Functioning Healthcare Market that Lowers…
Can Cash Prices for Healthcare be More Affordable Than Insurance Rates?
Many patients and elected officials assume their health insurance company negotiates the lowest…
Recent Commentary
Give Americans the Right to Save on Health Care
Dani Yuengling, a 35-year-old South Carolinian, had a family history of fatal breast…
How to Reform American Health Care
This is an outline of a speech that was delivered on October 20,…
HubWonk Podcast: Right To Save: Paying Healthcare Consumers To Shop for Value
Our very own Josh Archambault was featured on the Pioneer Institute’s Hubwonk Podcast…