Price Transparency Quotes

One of the Internet's highest-profile companies, Priceline once dreamed of transforming the way consumer goods are bought and sold by offering customers the chance to 'name your own price' for a variety of products, including airline tickets.

What anyone has he may value at what rate he will and transgresses not against justice if he sells it at any price provided he makes no distinction of buyers but parts with it as cheap to this as he would to any other buyer.

Despite all the Internet has done to make prices transparent and bibliographic information universal, you can still find - at book sales and thrift shops, auctions and even fancy dealers - unrecognized or underpriced rarities. Getting something valuable for cheap is the basic, greedy thrill of book collecting.

Clear prices force health care providers and insurers to lower their rates to attract customers - like their counterparts in the rest of the economy.

When insurance covers everything, no one cares what the their health costs are. Consumers must have some skin in the game.

Patients deserve increased price transparency and affordable care, particularly as the system shifts significant costs to them.

We owe it to consumers to treat their dollars with respect and to double- and triple-check our assumptions about complex marketplaces rather than getting locked into a regulatory tunnel vision that will ultimately leave consumers with fewer, more expensive choices.

The only airline I avoid like the plague is Ryanair. I don't like that, when you book, there are then all of these little extras to pay for, and you end up paying more than just flying with British Airways.

Apple does great products, but at the end of the day we think consumers want choice, consumers want openness.

Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.

When prices are transparent and competition is encouraged, consumers win. We believe that can prove true in health care as it has in every other area of the American economy.

The pharma pricing system was not built on the idea of consumer engagement. It was built... on market efficiencies. It was not built on the premise of consumerism.

Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers.

Markets work when people can evaluate the prices and risks of different products, then pick the ones that work best for them. But when the terms of the deal are hidden, competition doesn't work. And customers aren't the only ones who are hurt.

We need legislation that encourages increased competition and tort reform and combats fraud, waste, and abuse. This would drive down health care costs, provide more 'bottom line' for our small businesses and lead to more private sector job growth.

Free markets work better when information is available.

We must solve the problem in health care by curbing out-of-control costs that erode paychecks for working families and push quality coverage out of reach for millions of Americans.

As consumers are being asked to pay more of the cost of healthcare services, they will increasingly demand more value and will also ask for more transparency and tools to determine the value they are receiving.

Free competition is worth more to society than it costs.

Armed with pricing information, health care consumers can punish providers that price gouge, waste resources, or engage in surprise billing by taking their business elsewhere.

Cryptocurrencies in general give us a stable medium through which we can communicate our information about values and prices in a way that no government mandarin can distort or usurp. For the predators who have used our central institutions to predate on the rest of humanity, it's a very bad development.

We don't have a free market in health care. We need to connect customers up with the cost of care. And to drive innovation that way.

I think health care is a mess. I think that, as a free market person, you can't even have that discussion unless you know what the service costs.

The right path to health-care reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service.

Healthcare providers will compete to offer the best record of patient safety at the lowest prices. Hospitals and patients will benefit from having accurate information about areas of excellence and areas that must be improved.