Book Title: JAINA Convention 2013 07 Detroit MI
Author(s): Federation of JAINA
Publisher: USA Federation of JAINA

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Page 219
________________ better transparency without curtailing freedom to innovate will win. Transparency in healthcare Cost of physician and hospital services, drugs, treatment of specific health conditions is a big unknown for average consumers. This is the primary reason why healthcare costs raised so much and so fast in recent times. Now, companies like Castlight Health, PokitDok, Change Healthcare, Clear Health Costs and Health Grades are breaking the traditional monopolies from insurance companies and bringing transparency in healthcare costs. gimmicks that you see on GFE and HUD-1. I can't think of a single company that does better here. Don't even mention Quicken loans. They definitely do loans quick but at a very steep price to pay. With GuaranteedRate, you still leave a lot of money on the table. One might think local broker recommended by friend/family is better. Ask your local broker how much money they make on each loan and they will look at you like what kind of question is that! Transparency and YOU Transparency in retail transportation In retail airline industry, companies like Orbitz, Expedia and Kayak have been pioneers of transparency for over a decade now. As we conclude our auspicious tour to JAINA this year and return to daily lives, let us resolve to look at our personal and professional lives. Evaluate whether our job, our business profits by concealing information or revealing information. For younger folks, this is your time to learn and not earn. Whichever field you pick to work in, pay attention to transparency or lack there of. Resolve to bring transparency. This will help us protect the freemarket economy that previous generation has built and one we seek to protect and benefit from. Transparency in real estate For decades, private multiple listing services (MLS) across United States have kept residential home sales data one step removed from public. A typical consumer only saw what their real estate agent sent them. Now, companies like Redfin, Trulia and Zillow are breaking barriers, making it easier to search for properties, look at publicly available information and make an informed decision. Better yet, seek out lack of transparency in any industry and build a startup around breaking it. Be an entrepreneur! Transparency in residential mortgage market Mortgage brokers have earned a reputation akin to used-car salesman. It is no surprise given how opaque the process of shopping for mortgage is. Even an MBA degree is not match for accounting [1] http://en.wikipedia.org/wiki/Generation_X [2]http://en.wikipedia.org/wiki/Millennial_Generation [3] http://en.wikipedia.org/wiki/Yuppie [4]http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States [5] http://en.wikipedia.org/wiki/Karma_in_Jainism Jainism: The Global Impact 217

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