By Dirk Rowley

May 5th, 2022

With the goal of lowering healthcare costs, the National Hospital Price Transparency Conference took place Thursday in Indianapolis before an in-person audience of 150 and another 300 virtual attendees from 39 states.

The recurring question: does higher price mean higher quality?

Keynote speaker Hunter Kellett of Arnold Ventures began the day telling employers that growing healthcare costs were a “tax on your business” and insurance costs were like buying “employees a new car every year.”

Kellett said hospital quality does not explain high prices but pointed to other factors such as consolidation and market share; as hospital systems buy doctors’ practices, patients are left with fewer competitive options.

 

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