HealthLeaders Media September 15, 2021
According to an expert panel, CMS should increase the maximum penalty for noncompliance with the pricing rule from $300 per day to up to $5,500 per day.
Hospital price transparency rules and penalties don’t go far enough to actually control costs, according to an expert panel assembled by the Center on Health Insurance Reforms (CHIR) at Georgetown University’s Health Policy Institute with funding from the Robert Wood Johnson Foundation.
CHIR convened a meeting of 21 healthcare researchers, purchasers, and state and federal insurance regulators in June who discussed the price transparency rules. They also considered a Wakely Consulting Group review and analysis of hospital pricing data. They published their conclusions in a health policy brief.
They recommend:
- Increasing...
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