TL/DR –
The article discusses the complex issue of U.S. healthcare pricing, with health care executive Ashish Mandavia explaining systemic misaligned incentives, opaque insurance practices, and weak enforcement as key factors driving up patient costs and creating distrust in the healthcare system. Mandavia also highlights how digital tools can improve cost transparency, and the need for stronger accountability, and enforcements that close loopholes. He suggests that shared responsibility between hospitals, insurers, providers, and patients can lead to fairer and more predictable care.
Understanding US Healthcare Pricing And How To Improve It: A Discussion With Ashish Mandavia, Healthcare Executive
Ashish Mandavia, a healthcare executive, elaborates on his publication “Why U.S. health care pricing is so confusing—and how to fix it.” Mandavia attributes patient mistrust and rising healthcare costs to systemic misaligned incentives, opaque insurance practices, and insufficient enforcement.
To address these challenges, Mandavia advocates for robust accountability, enhanced transparency through technology, and shared responsibility across hospitals, insurers, providers, and patients. He highlights the potential of digital tools in providing cost clarity and the need for enforcement that closes loopholes.
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Mandavia further discusses the emotional and financial burden caused by surprise medical bills. He provides practical takeaways for readers, including the role of patients in advocating for fairer, more predictable care, the need to close loopholes through enforcement, and the role of digital tools in enhancing cost clarity.
Finally, Mandavia emphasizes the importance of healthcare literacy and the role of providers in explaining pricing to their patients. He believes that technology can ease administrative burdens and help providers focus on what matters most– patient care.
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