Article

2019-11-15 Economy

White House unveils rules requiring online disclosure of hospital prices

h/t Instapundit
[TheHill] The Trump administration on Friday unveiled new rules to require increased disclosure of health care prices, in a move officials said would drive down costs by increasing competition.

One regulation would require hospitals to provide a consumer-friendly online page where prices are listed for 300 common procedures like X-rays and lab tests. A second regulation would require insurers to provide an online tool where people could compare their out-of-pocket costs at different medical providers before receiving treatment.

Officials billed the announcement as a major step in President Trump’s health care agenda. The move is controversial with the health care industry, as both hospitals and insurers have objected to having to disclose the information.

The Trump administration is seeking to make a range of health care announcements, mainly outside the scope of the Affordable Care Act, to show progress on an issue that Democrats used to great effect to help win back control of the House last year.
I guess the next Schiff's witness will be a hospital administrator.

Posted by g(r)omgoru 2019-11-15 12:09|| || Front Page|| [11140 views ] Top

#1 of course the healthcare big wigs are worried about. Probably not the nurses and such.

Posted by chris 2019-11-15 16:14|| 2019-11-15 16:14|| Front Page Top

#2 Letting customers choose based on price information? That's like a market economy! The horror...

Posted by SteveS 2019-11-15 16:44|| 2019-11-15 16:44|| Front Page Top

#3 Most patients have either Insurance, Medicare, or Medicaid and price isn't much of an issue. Insurance companies usally have steep discounts (example: 30K Facilities bull discounted down to 7K). You have to wonder if the Hospital is jacking up their prices or the Insurance is really good at negociation.

Posted by CrazyFool 2019-11-15 17:55|| 2019-11-15 17:55|| Front Page Top

#4 Its a game. The government has always underpaid so the providers always overprice. Pox on both houses.

Posted by Procopius2k 2019-11-15 20:36|| 2019-11-15 20:36|| Front Page Top

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