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Price transparency in healthcare — the latest buzzwords

from By Dr. Jonathan Kaplan

Unless you're totally oblivious to all forms of media from TV, print or Internet, you've probably heard about the Affordable Care Act, or ObamaCare. One of the main goals of the legislation is to bring down healthcare costs by several means — cutting reimbursements, decreasing the amount insurance companies spend on salaries, etc. One hope of the new law is to decrease costs by increasing competition on healthcare plans. How do they plan to do this? Price transparency, my friend. more

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