True Price Transparency

In James C. Capretta’s column published by RealClearPolicy, he writes the rule requiring disclosure of hospital’s chargemaster rates, which went into effect in January, is making it easier to find list prices for thousands of hospital billing codes, but this information is not terribly useful for most consumers. He continues to say that consumers will only price shop if they can make apples-to-apples comparison among competing suppliers but the federal government can facilitate this by establishing a required pricing list comprised of standardized services and discrete clinical interventions that are amendable to comparison shopping. Read his column here… for more details.

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