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Transparent stack of money12/10/2023 Also, few consumers or insurers actually pay those listed prices. The new data requirements go well beyond the previous rule of requiring hospitals to post their "chargemasters" - the hospital-generated list prices that bear little relation to what it costs a hospital to provide care. With the new hospital rule, consumers should be able to see the tremendous variation in prices for the exact same care among hospitals and get an estimate of what they will be charged for care - before they seek it. Shots - Health News Trump Seeks Action To Stop Surprise Medical Bills A related effort to force drugmakers to list their prices in advertisements was struck down by the courts. Next year, under a separate rule, health insurers must take similar steps. 1, the facilities must post on their websites prices for every service, drug and supply they provide. Yet there is disagreement on whether posting the prices for hospital services and procedures will actually achieve that goal.Īs of Jan. The move is part of a larger push by the Trump administration to use price transparency to curtail prices and create better-informed consumers. Hospitals are facing the new year with new requirements to post price information they have long sought to obscure: the actual prices they negotiate with insurers and the discounts they offer their cash-paying customers. Hospitals must now post on their websites, in a consumer-friendly format, the specific costs for 300 common and "shoppable" services, such as having a baby, getting a joint replacement, having a hernia repaired or undergoing a diagnostic brain scan.įS Productions/Tetra images RF/Getty Images
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