11 Apr
10:00
Wheel of (mis)fortune: Why do Americans not know the cost of their care in advance?
Unexpected medical bills and out-of-pocket medical costs top the list of American adults’ financial worries. Yet, meaningful price information has been difficult for consumers to obtain before receiving care despite the implementation of several health care price transparency regulations in recent years. In this talk, I will provide an overview of my research program in this area, discuss the main reasons for the difficult predictability of US patients’ out-of-pocket costs, and propose a policy solution to this market failure.