Fierce Healthcare December 6, 2019
CMS Administrator Seema Verma is interviewed by Forbes chairman and CEO Steve Forbes at the Healthcare Summit in New York City.
NEW YORK CITY—Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma pushed back on hospitals’ resistance to publishing payer-negotiated prices, as now mandated by a federal rule.
Verma also warned that hospitals will face fines for not complying with the new rule.
Hospitals have balked at the cost of implementing the rule, which goes into effect in 2021, and warn the regulation could harm price competition. As anticipated, major hospital groups and several individual facilities filed a lawsuit charging the Trump administration’s price transparency rule is “unlawful, several times over.”
Asked about hospitals’ response to the price...
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