Trump Administration Releases Transparency Rule in Hospital Pricing

A first in the healthcare industry, the Trump administration is moving forward with their plan to force hospitals and insurers to provide transparency in their cost information to consumers in advance. This will cause a major shake-up in the healthcare industry, with supporting and opposing viewpoints. But how will this affect both the consumers and the insurers going forward?

Contact us to learn more.

 

Trump Administration Releases Transparency Rule in Hospital Pricing

Wall Street Journal

Insurers would also have to create a web-based tool for beneficiaries that discloses the list price, the negotiated rate, cost sharing, and the amount left on a plan deductible, as well as allowable out-of-network rates, officials said. There will be a 60-day public comment period on the proposal.

The proposal also states that “price transparency may have the opposite effect because in some markets where pricing is very transparent, pricing can narrow and average costs can increase.”

Read More: https://www.wsj.com/articles/trump-administration-releases-transparency-rule-in-hospital-pricing-11573825649?mod=djemalertNEWS

Recent Posts

Captive Stability Is The New Performance

Risk On Prior to 2020’s black swan (low probability/high impact) event of the COVID-19 outbreak and subsequent shutdown of the economy, your clients had the luxury of being in a position to care less about volatility and risk exposure and only about the end result....