Health Payer Intelligence October 29, 2020
The price transparency final rule, known as the “Transparency in Coverage” rule, incorporates two major approaches which will go into effect between 2022 and 2024.
CMS has released the final rule for price transparency in healthcare coverage, which aims to allow the public to have greater insight into healthcare costs in order to increase value.
“This final rule is a historic step toward putting health care price information in the hands of consumers and other stakeholders, advancing the Administration’s goal to ensure consumers are empowered with the critical information they need to make informed health care decisions,” the press release states.
The rule applies to most group health insurance plans as well as payers on the group and individual health...