The majority of U.S. hospitals are still not transparent about their prices for in-hospital procedures despite transparency policies that were put in place back in 2019
- The Centers for Medicare and Medicaid Services (CMS) hospital price transparency rule said all hospitals must provide a list of standard charges for all services and items online in a downloadable format.
- Each transaction, operation, pricing, total fees, payer-specific fees, minimum and maximum spot price and discounts must be made public and accessible to patients.
Transparency rules put in place to reduce unnecessary costs
- Hospitals and insurance companies set their own prices for different procedures, and patients usually have no idea what the costs entail until after they get the bill
- Despite extensive research that showed the value of price transparency, the rule received severe pushback and has been the subject of lawsuits by major hospitals against the Trump administration
- The CMS has previously shown that the benefits outweigh the risks when it comes to reducing healthcare overspending and reducing financial stress for customers because of price concerns
More related stories:
- Trump smashes hospital bill secrecy sham
- Forces hospitals to publicly publish secret prices so that consumers can make informed choices
- Hospitals raise their prices despite public outcry from over-burdened patients
- Top reasons why healthcare professionals refuse to speak up about covid vaccine injury and death
https://www.naturalnews.com/2022-06-28-hospitals-not-complying-with-cost-transparency-rules.html
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