New rule: Hospitals will have to share info on pricing

By

National News

November 18, 2019 - 10:18 AM

The hospital rule is slated to go into effect in January 2021. (Heidi de Marco/KHN/TNS)

Hospitals will soon have to share price information they have long kept obscured — including how big a discount they offer cash-paying patients and rates negotiated with insurers — under a rule finalized Friday by the Trump administration.

In a companion proposal, the administration announced it is also planning to require health insurers to spell out beforehand for all services just how much patients may owe for out-of-pocket costs for all services. That measure is now open for public comment.

“What is more clear and sensible than Americans knowing what their care is going to cost before going to the doctor?” said Joe Grogan, director of the White House Domestic Policy Council.

Related
June 1, 2020
April 29, 2020
April 10, 2020
April 1, 2020