Insurers Must Post Out-of-Pocket Medical Costs Under New Rule (2)

Health insurers will have to post on the internet personalized out-of-pocket costs to patients under a rule finalized Thursday.

Insurance plans will also be required to make their in-network negotiated rates with doctors and allowable out-of-network rates available to the public, according to the multi-agency rule. They will be required to post their negotiated pharmaceutical prices and the historical net prices for all their covered drugs.

The rule is likely to face a legal challenge from industry groups and possibly individual insurance providers that say it would drive up consumer prices and reduce competition.

Most plans, including employer-based group ...