Price Transparency in Health Care
On June 24, the White House issued an executive order aimed at improving price transparency in health care. The order directs the Secretary of Health and Human Services to propose regulation to require hospitals to publicly post standard charge information, including charges based on negotiated rates and for common or shoppable services, in an easy-to-understand and consumer-friendly format that will inform patients’ decision-making and allow them to compare prices across hospitals. The order also initiates the rulemaking process for a proposal to require healthcare providers and health insurance issuers to provide patients with access to information about expected out-of-pocket costs before they receive care.
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Last Updated on July 7, 2019 by Ramin Seddiq