Knowledge Base
How can we lower the cost of health insurance?
Expensive employer-paid insurance plans give patients fewer reasons to consider the cost of their health care choices, encouraging them to use more care than they really need. Ultimately, this drives up medical costs and health care premiums for all.
Lowering the cost of health insurance will require many things, but one of the most important will be price visibility. Health care is a uniquely uncompetitive industry. There are so many rules and regulations on the provision of both health care and health insurance that competition among providers of care has been stifled.
Learn more about how competition is one solution to lowering the prices of health care and health insurance in our video “Disrupting the Health Care Industry: Choice Through Competition.”