Hospitals Are Facing New Price Transparency Requirements, But Will They Truly Help Patients Shop for Care?
MedCity News December 8, 2024
Come January 1, CMS will begin enforcing new price transparency requirements for hospitals. Experts doubt that these regulations will do much to help patients shop for care, but they are optimistic that increasing the amount of publicly available pricing data will help tech companies develop tools that simplify pricing for patients.
On January 1, the Centers for Medicare & Medicaid Services will begin enforcing new price transparency requirements for hospitals, including mandates to post more detailed information on the cost of drugs and the expected reimbursement amount from health plans.
These changes seek to provide more clarity for patients, but the experts interviewed for this article doubt they will make much of a difference when it comes to helping consumers...