Since the creation of HSAs, more than 6 million Americans have chosen them for their health care needs.  While more Americans will continue to choose HSAs, it is important for America’s families to know the cost of health care.  Hospitals mark up their prices dramatically – some more than 500 percent – so it is important for an open health care system for shoppers to know the cost of the care that is being provided.

Hospitals and doctors should be encouraged as a condition of accepting Medicare and Medicaid reimbursement to publish their cost to provide the care.  They should also publish the reimbursement schedule from various payers, including Medicare and insurance companies, so consumers will be better educated.