Well, the irony is two things, how this can serve, is that when American consumers go into an appliance store, they know how much a dishwasher costs, a new refrigerator, a stereo, an automobile, even a house, and yet if you get a broken arm, we do not have any idea. Is it $200, is it $900? How many bills am I going to get? You know, what about setting a broken leg? I have no idea. I mean American consumers need to know. An amniocentesis, if a woman gets an amniocentesis, she gets bills from every lab in America for 6 months. Should not the women in America be able to know when they go in how much it is going to cost them? What a medical savings account will do will put her back in charge, and then she will know, hey, this is supposed to be a $300 deal, this is not going to be a $600 deal, Dr. Jones down the street only charges $275.
Jack Kingston: “Well, the irony is two things, how this can serve, is that when American consumers go into an appliance store, they know…”
Editor's note · Context
Discussing the need for transparency in medical costs for consumers.
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