Author Type

Undergraduate Student

Date of Award

Spring 4-29-2025

Document Type

Thesis

Publication Status

Version of Record

Submission Date

July 2026

College Granting Degree

Harriet L. Wilkes Honors College

Thesis/Dissertation Advisor [Chair]

Kanybek Nur-tegin

Thesis/Dissertation Co-Chair

Rachel Corr

Abstract

The concept of pricing transparency has become increasingly vital across industries, yet healthcare remains a sector where pricing remains highly variable. Unlike other industries where consumers can easily compare prices, healthcare costs are influenced by a complex web of factors including insurance contracts, government programs, and individualized care plans. Patients often encounter unclear billing, medical jargon, and hidden fees, making it difficult to make informed decisions about their care. This chapter explores the roots of healthcare’s pricing opacity, the consequences for patients and providers, and the growing movement toward greater transparency, including significant policy efforts like the U.S. Price Transparency Rule. By highlighting on why pricing has historically lacked clarity, and how transparent practices can empower patients, reduce costs, and drive systemic improvements, the thesis argues that transparency is not only a legal and ethical necessity but also a catalyst for a more equitable and efficient healthcare system.

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