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For example, if it makes sellers reluctant to give steep discounts to certain buyers (e.g. disrupting price dispersion among buyers), or if it facilitates collusion, and price volatility is another concern. [1] A high degree of market transparency can result in disintermediation due to the buyer's increased knowledge of supply pricing.
Among politicians, former House Speaker Newt Gingrich has called for transparency in the prices of medical devices, noting it is one of the few aspects or U.S. health care where consumers and federal health officials are "barred from comparing the quality, medical outcomes or price". [19] [20] [21]
Hospital price transparency was the first implemented and should be the furthest along. While the current administration claims high compliance from hospitals, the information the hospitals ...
Broadly, the new laws pertain to prescription costs, price negotiations, surprise billing, and cost transparency. These measures have largely been championed by politicians on both sides of the aisle.
Economic transparency refers to banks and other financial institutions that have made data available about their financial position and condition. [1] However, the definition depends on the perspective of different research areas through which it is examined, mainly monetary economics, international finance, corporate finance, and others (e.g. public economics, international trade, asset ...
The Health Care PRICE Transparency Act 2.0, a bipartisan health care fix, would empower consumers with choice and competition by requiring providers and insurers to publish their actual prices ...
Price transparency will catapult the American health care system into today's pro-consumer economy. It will end the days of six-figure bills for moderate surgeries and four-figure bills for stitches.
The price of an item is also called the "price point", especially if it refers to stores that set a limited number of price points. For example, Dollar General is a general store or " five and dime " store that sets price points only at even amounts, such as exactly one, two, three, five, or ten dollars (among others).