Recommendations on how to promote competition within health care
April 23, 2017
Carnegie Mellon University published a paper about how the government should cultivate competition in the world of health care. There are a number of recommendations to improve transparency, including creating and distributing quality measures and requiring insurers to "clearly and accurately" identify network coverage and to disclose out-of-pocket costs to patients. The paper also recommends making it easier for competitors to enter the market by removing restrictions and to facilitate telehealth.
The recommendations seem like they would go a long way in promoting competition within health care and empowering patients to make more informed choices when selecting providers. However, getting enough stakeholders to meaningfully implementing these recommendations seems like a daunting task.