Welcome

Hospitals to Disclose Prices, Discounts in Medicare Proposal (1)

July 29, 2019, 9:00 PMUpdated: July 29, 2019, 10:36 PM

Some 6,000 hospitals nationally would be required to disclose the standard prices for their medical services and any discounted rates paid by health insurers as part of a wave of new Medicare proposals announced July 29.

The three proposals continue the administration’s push to cut paperwork, streamline regulations, and increase price transparency.

The new hospital price disclosure proposal by the Centers for Medicare & Medicaid Services would require facilities to post all their negotiated rates for 300 common “shoppable services,” like hip replacements or tonsilectomies, in an easy-to-read format.

For hospitals that don’t comply, CMS is proposing civil monetary penalties ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.