Visiting the hospital or doctor’s office should not be a devastating blow to the family budget.
Increased consolidation among providers over the past few decades is driving up costs, which has put a severe strain on family finances and added higher costs for employers and the government. Charges and fees often appear inflated, and the U.S. pays top dollar for almost every service when compared with other countries.
In order to improve affordability and access to high-quality care, we seek to lower the prices paid for hospital and physician services. We are working to protect patients and payers from surprise bills, develop approaches to reduce the prices charged by providers with strong market power, and investigate and expose anti-competitive practices in the market. This would help lower the out-of-pocket costs and premiums consumers face.