The Trump administration announced a plan Friday that would require hospitals to disclose negotiated rates with insurance companies in an effort to increase transparency for consumers.
The rule is set to go into effect on Jan. 1, 2021, according to HHS, so hospitals have time to comply with the new policies. And if hospitals fail to comply, they could ultimately face fines. The administration also announced a proposed rule on Friday that “would require most employer-based group health plans and health insurance issuers offering group and individual coverage to disclose price and cost-sharing information to participants, beneficiaries and enrollees upfront.”
Serota added in his statement that “clinicians and medical facilities could see in the negotiated payments a roadmap to bidding up prices rather than lowering rates.”
Source: News Formal (newsformal.com)
My neighbors 80 yr old wife just had knee surgery. The Hospital says she has to go The insurance wont pay any longer But they will pay for a skilled nursing facility Makes perfect since or (cents) So Medicare for all would work better?
My husband wants this so bad!!
How dare he do something good for this country. I don’t believe it. He should be impeached for this!
yeah, because negotiating prices in a life and death situation is like buying a car/sarcasm...this literally will do nothing other than patients will get to see prices before treatment instead of after treatment.
It's about time that we know how they charge some people more than others.
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