This year, the federal government ordered hospitals to begin publishing a prized secret: a complete list of the prices they negotiate with private insurers. The insurersā trade association had called the rule unconstitutional and said it would āundermine competitive negotiations.ā Four hospital associations jointly sued the government to block it, and appealed when they lost. […]
Read MoreNEWS CATEGORY: Price Transparency
Medicare Holds Off on Hospital Price Disclosure Fines for Now
The Medicare agency is giving hospitals time to adjust to its price transparency rule, so far refraining from penalizing providers despite recently proposing to increase sanctions for those that donāt comply. Hospitals have been apprehensive since the Trump administration announced they would be required to disclose standard charges for items and services in a final rule (RIN 0938āAU22) published […]
Read MoreNearly all hospitals flout federal requirement to post prices, report finds
Most U.S. hospitals are not complying with federal regulations requiring medical centers to post their prices online for patients to review, according to a new report by patient advocates. The report, which surveyed the websites of 500 of the roughly 6,000 hospitals subject to the rule, found that 471 of the hospitals did not fully post the […]
Read MoreChamber of Commerce Sues HHS Over Transparency Rule
The U.S. Chamber of Commerce sued HHS and other agencies in Texas federal court to stop their implementation of a new insurance price transparency provision finalized in the waning days of the Trump administration. The Health and Human Services Department and others exceeded their statutory authority by adopting a provision that allegedly will cost over […]
Read MoreMedicare Moves to Hike Payments, Penalties for Hospitals in 2022
Medicare wants to pay acute care hospitals 2.3%āor nearly $10.8 billionāmore for outpatient services next year, the Biden administration announced Monday. The proposed rule (RIN 0938-AU43) from the Centers for Medicare & Medicaid Services would also increase the penalty for hospitals that donāt comply with the hospital price transparency final rule. The agency is proposing a minimum penalty […]
Read MoreBiden says he’ll enforce Trump-era rules requiring hospitals to post their prices
President Biden is putting his foot down on a price transparency rule that many hospitals have skirted over the past seven months. On Friday, Biden released an executive order instructing the Secretary of Health and Human Services to āsupportā price transparency regulations issued by the Trump administration. Starting on Jan. 1, hospitals were required to post the […]
Read MoreMost Americans unaware of CMS price transparency rule
More than 90% of Americans are unaware of a CMS rule allowing patients to view and compare treatment costs on hospital websites so they can shop for lower priced care, according to a recent Kaiser Family Foundation survey. While only 9% of seniors have researched treatment prices online, they are more likely to know about […]
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