Hospital prices are going public soon

Hospital prices are going public soon

Hospital prices are going public soon

The rule requires every hospital in the U.S.to list online how much services cost, and make the list publicly available to consumers by January 1.

Previously, HHS Secretary Alex Azar said, "America's healthcare system has to change, and President Trump's Administration recognizes that".

The rule also applies to rehabilitation facilities and inpatient psychiatric hospitals. "For over a decade, we have been on a journey to replace that equation with a new one - paying for outcomes and wellness - but that transition needs to accelerate dramatically". But the new rule, which was announced in April, requires them to post these prices online in a format that can be downloaded to computers.

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Stop "surprise billing" by insurance and medical care providers.

"The list prices are so high that the vast majority of hospitals don't even try to collect list prices from uninsured patients", said Benedic Ippolito, a research fellow in economic policy studies at the American Enterprise Institute whose recent work has focused on researching hospital list prices.

Provide patients better information up front about the out-of-pocket costs they will face.

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Often times, little to no price transparency can make it hard for consumers to price compare.

Focusing the Electronic Health Record Incentive Program on promoting interoperability, to allow patients to control and access their records.

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