The Center for Medicare and Medicaid Services (CMS) has issued a final rule that will require all hospitals to make their pricing information publicly available. The rule is set to go into effect on January 1, 2021 and will require every hospital to publish the pricing information for all of their health care services on their websites. The rule was created with the intent of driving competition and increasing price transparency, while protecting patients from unexpected charges that could burden them with medical debt. Continue reading “CMS Issues Final Rule on Hospital Price Transparency”
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Hospitals Must List Prices for Medical Procedures
The Trump administration recently announced that, in an act of transparency, hospitals must openly post online a database specifically detailing the exact cost for a specific medical procedure, effective January 1. NBC News reported that the idea is to let patients know what the final cost will be once they are admitted to a hospital. Continue reading “Hospitals Must List Prices for Medical Procedures”
