Some 6,000 hospitals nationwide must disclose their standard charges for 300 services such as hip replacements and tonsillectomies in an easy-to-read format as part of a rule announced Nov. 15.
The rule and a proposal that would require insurance companies to disclose out-of-pocket costs to patients are part of the Trump administration’s efforts to control medical costs by making charges more transparent.
The rules could dramatically change billing in health care and the way the industry conducts transactions. The two rules will be among the most scrutinized proposals to pass through the department as both hospitals and insurers say the ...