HCCI January 16, 2020
In response to high and growing health care spending, policymakers have proposed improving price transparency as a solution. Several such proposals rely on consumers taking action on publicly available information for shoppable services – generally, non-emergency services that a person could choose more deliberately.
In 2021, hospitals will be required to display, in a consumer-friendly manner, standard charges for at least 300 shoppable services. The Centers for Medicare & Medicaid Services (CMS) defines a shoppable service as “a service package that can be scheduled by a healthcare consumer in advance.” In the implementing regulation, CMS specifies 70 services for which hospitals must make price information available for if they provide them (the remaining 230 will be selected by hospitals). These...
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