OnDemand WTP Pricing Research

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend

As per some reliable sources, the Trump administration has proposed a rule where the hospitals need to publicize the negotiated prices with the insurers. The decision intends to promote price transparency and allows customers to benefit from healthcare services. The Director of outreach and public affairs quoted that it is a huge step towards true pricing transparency.

This policy is under the umbrella of a broader rule proposed for patient data by the Health and Human Services Department. As on January 1, 2019, the administration has stated hospitals to post the stocker prices on the websites of the hospitals. A certain group of critics has opposed the idea as they believe that the prices are inaccurate because generally the insurers bargain and bring down the prices.

Gerard Anderson, Director of the Johns Hopkins Center had a view that being aware of the charges is irrelevant for most of the people. Standard charges that would be publicized by the hospitals do not reflect the actual care services they would receive.

Read complete article here:

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend.