Benefits Think Why price transparency rules won’t fix healthcare

Published Updated 5 Min Read

Oles Kanebckuu from Pexels

When my daughter was a teenager, I used to tell her that if she ever wanted to earn some extra money as a waitress, to work at a restaurant where they serve lobster, not hot dogs. 

Delivering two hot dogs on a tray is about the same effort as delivering two lobster rolls, yet the cost of the hot dogs may be $10 vs. $60 for the lobster rolls. A 20% tip for delivering the hot dogs is $2, while the 20% tip on lobster rolls would be $12. It doesn’t make sense, but that is the way it is. The compensation variance is not a function of the labor, but the cost of the underlying product.

Joe Markland
CEO

Joe Markland is CEO of Nfor1, an HR and benefits company.


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