Most People Not Bargain Hunters When It Comes to Health Care

A study published in the August issue of the journal Health Affairs suggests that, despite trends toward an increase in the availability of price data and patient cost sharing, comparatively few patients may seek pricing information. 

The research team surveyed 2,996 nonelderly adults in the United States who had received medical care during the previous year. They found that only 13 percent of respondents who had some out-of-pocket spending in their last healthcare encounter had sought pricing information prior to receiving care, and just 3 percent had compared costs across providers before receiving care. The research team states that common barriers to price shopping included difficulty obtaining price information and a desire not to disrupt existing provider relationships. Learn more...

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