KFF January 13, 2021
A new KFF analysis examines how new federal rules on price transparency for health services may affect patient decision-making and market pricing.
As of January 1, 2021, the United States Department of Health and Human Services requires that hospitals publish payer-negotiated rates for common services on their websites. A second set of rules, which requires insurers to provide rate and cost-sharing estimates for common services, is scheduled to go into effect in 2023.
While the new rules are intended to help patients save money by choosing lower-priced care, the analysis finds that many patients still face significant barriers to shopping for common health services. Many health services, particularly those that treat emergent conditions like heart attacks, cannot be planned for...
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