Shopping Hospital Value: Price Transparency Mandate Brings Market Forces to Medicine

Hubwonk host Joe Selvaggi talks with Pioneer Institute's senior healthcare fellow Barbara Anthony about her recently released paper, Massachusetts Hospitals: Uneven Compliance with New Federal Price Transparency Law, and how price transparency can empower consumers to shop for better value and encourage hospitals to offer more competitive costs.

Guest:

Barbara Anthony is Pioneer Institute’s Senior Fellow in Healthcare. She was a Senior Fellow at the Harvard Kennedy School’s Center for Business and Government where she led study groups and researching and writing about Massachusetts healthcare cost containment efforts. She served as Massachusetts Undersecretary of the Office of Consumer Affairs and Business Regulation from 2009 to 2015 where she oversaw five state agencies: Banking, Insurance, Professional Licensure, Telecommunications and Cable, and the Division of Standards. Anthony, with a background in law and economics, is a well-known consumer advocate and a highly respected public interest lawyer and policy maker. Among her accomplishments, Anthony oversaw implementation of the state’s Data Security Law and regulations, kept health insurance rate increases under control, helped implement the state’s 2012 Health Care Cost Containment Law, oversaw efforts to reform the mortgage foreclosure process, initiated a financial literacy project, Project Credit Smarts, in several Massachusetts colleges, and spearheaded a campaign to empower Massachusetts healthcare consumers through price and quality transparency.