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.@realdonaldtrump exec. order requiring price transparency in healthcare a bold move but not without precedent. Before 1958 law, auto dealers were not required to post a manufacturer’s suggested price on new cars. https://www.nytimes.com/2009/01/04/automobiles/04MONRONEY.html … (1/3)
Auto dealer assoc. supported 1958 price transparency law b/c understood frustration caused by price confusion would hurt them in long run. While not perfectly analogous to health care…(2/3)
HC industry should consider approach of auto dealers re: 1958 law & use @realdonaldtrump transparency EO as opportunity to help develop better, more patient friendly system instead of defending indefensible status quo that fuels calls for their destruction via single payer. (3/3)
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