September 6, 2019
Price Transparency – What’s the Discussion?
Although price transparency has been a longstanding issue in policy discourse, the Trump Administration has made this a top priority. In 2018, CMS finalized a rule requiring hospitals to post their Chargemaster online. This year, President Trump signed an Executive Order requiring hospitals to post their negotiated rates with insurers. The Outpatient Prospective Payment System (OPPS) proposed rule implements the Order and specifically requires hospitals to post the negotiated rates of 300 shoppable procedures. According to CMS Administrator Seema Verma, this is just the beginning of more to come. However, questions remain on whether publishing hospitals’ charges and negotiated rates will truly be meaningful to consumers and lower the cost of care. [Included are] the arguments currently being debated.
Also in Policy Brief:
- The Opioid Crisis: Lessons from Oklahoma v. Purdue Pharma, et al.
- Immigration Changes Jeopardize Pediatric Health
- 340B Litigation Update
- A Look at the Federal Register
- In Other News