The Trump administration unveiled a wide-ranging proposal on Friday requiring hospitals and insurers to give consumers more information about what their health care will cost — a rule intended to increase price transparency for patients shopping for coverage.
Under the rule, hospitals will have to report the rates they strike with individual insurers for all services, including drugs, supplies, facility fees and care by doctors who work for the facility. If the hospitals fail to comply, they could be forced to pay a $300 per day fine.
By making those prices public, the Trump administration argues that hospitals will face pressure to compete for patients, eventually causing prices to drop.
"Our goal was to give patients the knowledge they need about the real price of health care services, so they can shop for the highest quality care at the lowest cost," President Trump said at the White House while introducing the proposal.
Gee the insurance industry is opposed. Go figure
“Unfortunately, the rules the administration released today will not help consumers better understand what health services will cost them and may not advance the broader goal of lowering health care costs,” Blue Cross Blue Shield Association President and CEO Scott Serota said in a statement.
And in July, four of the country's biggest hospital systems said they'd challenge the law in court. A similar health care transparency law in Ohio remains tangled in the legal web.
The Trump administration unveiled a wide-ranging proposal on Friday requiring hospitals and insurers to give consumers more information about what their health care will cost — a rule intended to increase price transparency for patients shopping for coverage.
Under the rule, hospitals will have to report the rates they strike with individual insurers for all services, including drugs, supplies, facility fees and care by doctors who work for the facility. If the hospitals fail to comply, they could be forced to pay a $300 per day fine.
By making those prices public, the Trump administration argues that hospitals will face pressure to compete for patients, eventually causing prices to drop.
"Our goal was to give patients the knowledge they need about the real price of health care services, so they can shop for the highest quality care at the lowest cost," President Trump said at the White House while introducing the proposal.
Gee the insurance industry is opposed. Go figure
“Unfortunately, the rules the administration released today will not help consumers better understand what health services will cost them and may not advance the broader goal of lowering health care costs,” Blue Cross Blue Shield Association President and CEO Scott Serota said in a statement.
And in July, four of the country's biggest hospital systems said they'd challenge the law in court. A similar health care transparency law in Ohio remains tangled in the legal web.
Comments
It doesn't make sense because of the idiots you shill for
Fuck off
It's all right here in this thread.
ZERO interest in honest discussion.
100% working for big medicine as a shill.
1000000% needs to be lit on fire.
I was right.
At least someone is working for the people in DC
The Trump administration unveiled a wide-ranging proposal on Friday requiring hospitals and insurers to give consumers more information about what their health care will cost — a rule intended to increase price transparency for patients shopping for coverage.
Under the rule, hospitals will have to report the rates they strike with individual insurers for all services, including drugs, supplies, facility fees and care by doctors who work for the facility. If the hospitals fail to comply, they could be forced to pay a $300 per day fine.
By making those prices public, the Trump administration argues that hospitals will face pressure to compete for patients, eventually causing prices to drop.
"Our goal was to give patients the knowledge they need about the real price of health care services, so they can shop for the highest quality care at the lowest cost," President Trump said at the White House while introducing the proposal.
Gee the insurance industry is opposed. Go figure
“Unfortunately, the rules the administration released today will not help consumers better understand what health services will cost them and may not advance the broader goal of lowering health care costs,” Blue Cross Blue Shield Association President and CEO Scott Serota said in a statement.
And in July, four of the country's biggest hospital systems said they'd challenge the law in court. A similar health care transparency law in Ohio remains tangled in the legal web.
Wait.
Yes. Yes you are.
W. JW.