Hidden health care prices should be eliminated, economist say

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Hidden health care prices should be eliminated, economist say

An MRI can cost $300 or $3,000, depending on where you get it. A colonoscopy can run you $1,000 to $10,000.

Economists cited these examples of the roulette wheel of health care prices in their request that Congress mandate hospitals and health providers be upfront about their prices for medical care.

Backers of the Health Care Price Transparency Act 2.0 hope the push by a group of influential economists will convince lawmakers to advance the Senate bill introduced in December by Sen. Mike Braun, R-Indiana. The measure, co-sponsored by 11 Democratic and Republican senators and Bernie Sanders, a Vermont independent, has not advanced out of committee. Braun’s “top priority is getting this bill through committee and to the floor,” for a vote, said Allison Dong, Braun’s deputy communications manager.

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