Can Price Transparency Save The Future Of American Healthcare?

If you need an operation, this episode of What’s Ahead makes the compelling case for why you should check out the Surgery Center of Oklahoma. It represents the future of American healthcare.

For 25 years the Center has provided excellent outcomes with board-certified surgeons at a fraction of the cost of traditional hospitals and clinics.

All-inclusive prices for every procedure are posted online. If expenses for an operation run over the quoted price, the Center eats those costs. The Center doesn’t accept Medicare and Medicaid and avoids private insurance like the plague. Patients pay up front.

You’d think that would result in more costly procedures. The exact opposite is true.

Thanks to the utter perversities of how the U.S. healthcare system is financed, medical costs are several times what they should be. The Center has cut out the bloat.

Most company-provided plans now have high deductibles and co-pays. People are paying more out-of-pocket expenses than ever. This is why, as it celebrates its 25th anniversary, the revolutionary approach of the Surgery Center of Oklahoma is about to be replicated—big time.

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Source: https://www.forbes.com/sites/steveforbes/2022/05/20/can-price-transparency-save-the-future-of-american-healthcare/