Fierce Healthcare July 12, 2024
If consumers or business departments received a major charge on their monthly statements with no pricing breakdown or itemized receipts, many would demand more information if not outright refuse to pay.
But that’s not the case in healthcare, where unexpected fees billed from insurers and hospitals and multiplicative markups are delivered after the fact and with little explanation.
That was the message senators heard loud and clear during a Thursday morning hearing of policy researchers and purchasers of commercial insurance for employees and union members.
The invited witnesses acknowledged the healthcare transparency policies rolled out by the Trump and Biden administrations as a win for consumers—despite some bumps during implementation and remaining opportunities to clean up payers’ messy claims data.
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