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How to Bring the Price of Health Care Into the Open

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Submitted By 013092207
Words 2509
Pages 11
Armando Alvarez
Solomon Namala
Economics 202M
May 15, 2014
How to Bring the Price of Health Care Into the Open Prices of health care have many sectors of the US economy trembling about how to manage and revealed the information to the public. Their efforts to come up with a plan that meets the necessities of the majority, but at the same time benefits the economy has become a great challenge to overcome in recent years. The United States economy it’s recognized for many achievements that grants its financial stability worldwide and serves an example for many other nations to follow. But, as much as society wants to brag and show off the wonderful nation they live in, first society must understand the uncompetitive health care system this country has.
Even though, America is known for its dynamics of doing business, intellectuals and government itself still have not master a proper idea, mechanism, and structure of a proper healthcare system in the U.S. Many strategies can be master and practice to achieve a much productive service of health care for Americans. The article, “How to bring the Price of Health Care into the Open” written by Melinda Beck published in the Wall Street Journal on February 23 of present year, addresses many substantial topics and ideas of our former health care system. Her main points are to inform, educate, and alert consumers in advance about health care pricing. The ways she delivers her points are by talking about how to bring the price of health care into the open, price transparency, the disparity between list prices and the aid from insurance providers.
Before going into clear description of Becks article one must set a foundation by defining Microeconomics and how the article relates to it. As defined by Krugman he writes, “Microeconomics is the branch of economics that studies how people make decisions and how these

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