Ep #57: Can Transparency Change the U.S. Healthcare System? - With Ralph Weber

Perhaps more than any other single topic, transparency has the potential to be transformational to every aspect of health and health insurance. With that in mind, we are doing our first ever 2-part episode.This week, on part one, we’re excited to welcome Ralph Weber, President and CEO of MediBid. Ralph is a passionate subject matter expert and serves as a member of NAHU’s Healthcare Cost and Quality Transparency Workgroup. We explore his belief that the current pricing schemes withhold information by design and why Millennials (in particular) will not accept the status quo on transparency.Ralph shares his perspective about the effects transparency has on the U.S. healthcare system, the marketplace, and the competitive environment, and why transparency alone is not enough to effect the needed changes. We also learn why some hospitals charge more for the same type of treatment than others as we discuss the differences between static and dynamic pricing.What You’ll Learn From This Episode:Ralph’s journey.The difference between “dynamic” and “static” pricing.How Ralph defines transparency.Whether the most expensive care is the best care.What Ralph sees happening in the future around the issue of transparency.