Keckley Report October 24, 2022
Last week, Turquoise Health released its first Price Transparency Impact Report which aims to track hospital and health insurer compliance with the Hospital Price Transparency Rule (January 2021) and the CMS Transparency in Coverage Rule (July 1, 2022). Both require specified disclosures and financial penalties for non-compliance. The current status as of September 2022 per Turquoise:
· 76% of hospitals have posted a machine-readable file.
· 65% have posted a machine-readable file with negotiated rates.
· 63% have posted a machine-readable file with cash rates.
· 80 insurers that cover 80% of the insured population
They noted “When patients do search for prices, it’s for the costs of routine procedures, such as colonoscopies, mammograms and tonsillectomies, but also...
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