Bipartisan Price Transparency Reforms Will Improve Outcomes

Beneficial healthcare change is occurring – in a bipartisan manner too. The reform, referred to as the Transparency in Coverage (Tic) rule, improves the functioning of the healthcare market; and unlike the calls for price controls or increased government distortions, improving the efficiency of the healthcare market can achieve the core goals of promoting greater healthcare affordability and improving the quality of care.

TiC went into effect July 1, 2022. Unique among today’s partisan rancor, the TiC rule was issued under the Trump Administration but finalized and implemented by the Biden Administration....