5-Minute Videos
Price Transparency: How to Fix Healthcare
Healthcare · Captions
About This Video
How can a simple blood test cost $30 at one lab and $300 at another across the street? The answer to this question could save billions, as well as make healthcare more accessible and affordable for everyone. Will Bruhn, co-founder of Restoring Medicine, explains.
Standards Met in Ohio
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- 9-12.EFL.6Grades 9th, 10th, 11th, 12thCompetition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.
- EFL.9-12.24.lp.aGrades 9th, 10th, 11th, 12thIdentify different types of insurance that can be purchased (e.g., life insurance-can help families pay for their expenses after an insured family member dies, disability insurance-can help workers pay for their expenses if they have been hurt at work, health insurance can be purchased by a consumer to help pay for medical costs, such as doctor visits, medication, hospitalization, etc..
- EFL.9-12.24.lp.cGrades 9th, 10th, 11th, 12thIdentify medical costs that health insurance may help to pay for.
- EFL.9-12.6Grades 9th, 10th, 11th, 12thCompetition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.