Op-ed: Price transparency key to addressing out-of-control healthcare costs

Part of mayor-elect Eric Adams’ mandate for improving New York City is addressing out-of-control health care costs plaguing residents.

By strengthening hospital price transparency, Adams and city legislators can empower local consumers to reduce their stratospheric health care costs through choice and competition. A new coalition of unions—including SEIU 32BJ, United Federation of Teachers, and the United Auto Workers—and patient advocates, including PatientRightsAdvocate.org, made this case at a recent New York City Council hearing.

City residents face some of the highest health care costs in the country. A Rand Corporation report from last year finds that New York state hospitals charge an average of 302% of the Medicare

→ Continue reading at Crain's New York Business

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