Employee Benefit News January 26, 2022
It’s been more than a year since hospitals were legally put on blast to reveal the reasoning behind overinflated healthcare costs.
Jan. 1 marked the first anniversary of the Hospital Price Transparency Rule, which required every hospital operating in the U.S. to provide a machine-readable file with pricing information for all items and services, along with a consumer-friendly format for people to shop on.
More than a year later, only 64% of hospitals have been deemed sufficiently compliant by Turquoise Health, a company that builds software and data products that promote healthcare price transparency. While there’s still progress to be made, the last year has offered important insights into the costly U.S. healthcare system.
“We spent the better part of...
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