(ghostofPswayze) (harold_bracy) mark You are good to go on that check up!!

(yuanmichael15) mark Exactly what we are saying. Price transparency is good. Price transparency in the current system is pretty worthless

Sounds like we agree on most. CrowdHealth fixes this. Need a procedure and in 20seconds in most areas of the country we know what the cash pay price is for that procedure. We are pro transparency but the current health insurance system makes it pretty worthless and that’s a main reason our costs are going up

Mark is wrong about us being wrong. We are PRO transparency. However, the CURRENT SYSTEM makes transparency almost completely useless. The theory Mark has is that you have a high deductible then you’ll shop because it hits your wallet. Here are the problems with this: 1️⃣ 80% of US healthcare costs are chronic. They will bust the deductible. Therefore they don’t care about price. 2️⃣ Any major procedure (the ones that move the healthcare cost needle) are above the deductible and so they don’t care. 3️⃣ If you go to the ER in an ambulance you aren’t shopping on the way. 4️⃣ Even if you did want to shop the hospital “transparency” files often times don’t include the cost of the doctor so you can’t come up with a true cost anyways. So that leaves you with meds, labs, imaging, and preventative procedures that shouldn’t be procured at a hospital anyways. Conclusion: transparency is great if you have a system in place that incentivizes people to actually care about the price. ***Mark will come back and say that employers will waive the deductible if the patient shops. It’s a great idea but the penetration of these types of services from what have heard from primary sources are in the low single digits.