Policy & Medicine December 10, 2024
PatientRightsAdvocate.org (PRA) has released its Seventh Semi-Annual Hospital Price Transparency Report, revealing a significant decline in hospital compliance with the federal Hospital Price Transparency Rule. The percentage of hospitals in full compliance fell from February to November, dropping from 34.5% to 21.1%, a decrease of approximately 38.84%, according to PRA.
The report attributes this backslide in compliance to weak federal oversight, which has allowed hospitals to post prices that aren’t clearly associated with payers and not in required formats. This lack of enforcement hampers patients’ ability to access upfront pricing information, limiting their capacity to make informed healthcare decisions and protect themselves from unexpected costs.
Out of 2,000 hospitals assessed, only 421 (21.1%)...
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