Prices For Hospitals’ Standard Services To Be Made Public Online In 2019

Hospitals may soon have to post their standard prices for patients online under a proposed rule unveiled Tuesday by the Trump administration

Hospitals may soon have to post their standard prices for patients online under a proposed rule unveiled Tuesday by the Trump administration

Thanks to a new federal ruling, price transparency is coming to US hospitals. "This payment proposal takes important steps toward a Medicare system that puts patients in charge of their care and allows them to receive the quality and price information needed to drive competition and increase value".

Currently, under the affordable care act, hospitals must release public price lists.

The rule also applies to rehabilitation facilities and inpatient psychiatric hospitals.

"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, with the American Enterprise Institute, who has researched hospital list prices.

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While the online lists are a start, some hospital officials warn that the public price lists may not look anything like what you end up actually paying.

Seema Verma, the head of the Centers for Medicare and Medicaid Services, told the Associated Press that the new requirement for online prices reflects the Trump administration's efforts to help patients become better decision makers.

Patients concerned about their potential out-of-pocket costs from a hospitalization should still consult with their insurance company.

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