Carbery Campbell taught in Spain this spring and unfortunately contracted the coronavirus while traveling back to Florida. She did the right thing and got tested at her local hospital. Thankfully, Carbery beat the coronavirus but was punished with a bill of $6,545 for simple tests and a few hours spent in a waiting room. The lack of price transparency in our health-care system leads to unexpected bills like the one Carbery received. Steve Forbes, Art Laffer, and Larry Van Horn argue that “This complete lack of health care price transparency has allowed hospitals to get away with charging whatever they want. Health care price opacity and the resulting surprise bills are why 64% of Americans surveyed said they avoid or delay needed medical care. And why medical bills play a role in most bankruptcies.” As Congress begins negotiating the next round of COVID-19 relief legislation, it must pass the Healthcare PRICE Transparency Act,...(Read Full Post)