December 28, 2018
Thanks, Trump! Hospitals now to post prices
In another quiet little reform to chip away the Obamacare and health care monolith, the Trump administration is forcing hospitals to post their prices online.
Here's how Quartz described the news:
Astronomical hospital bills are a trope of American health care. Hospitals in the US are known for charging exorbitant fees for simple procedures, and for adding baffling entries to discharge bills. Notorious examples include the woman who was charged $40 to hold her newborn, and the $18,000 emergency-rom bill that a family received after their baby was “treated” with some milk and a nap.
The surprise factor, at least, may soon be changing. On Jan. 1, a new regulation takes effect requiring hospitals to post the prices of their services online. Announced by health and human services secretary Alex Azar in April, the provision is called Inpatient Prospective Payment System rule. Under it, hospitals will have to share the prices of standard...(Read Full Post)