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Price Transparency – Again: Eating the Elephant In Little Bites | Forbes

The Trump administration appears bent on helping consumers gain better insight into their healthcare purchases, though painstakingly doing so one small bite at a time.

As contemplated in an earlier article, “Why Healthcare Price ‘Transparency’ Is A Myth, And What Consumers Can Do About It”  (https://www.forbes.com/sites/jeffgorke/2019/01/23/why-healthcare-price-transparency-is-a-myth-and-what-consumers-can-do-about-it/#301c2bb97c3f), I offered that in 2018 the Centers for Medicare and Medicaid Services (CMS – Medicare) issued a draft rule intended, generally, to nudge health systems toward several initiatives. These included: improving the use of electronic health records and IT interoperability, providing greater price transparency of services, and empowering physicians to spend more time with their patients. This mandate went live on January 1, 2019. Nestled in the rule was the instruction that hospitals publish their prices (“charges”) online for consumers. The price lists are to be updated annually and in an “electronic” format.

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Price Transparency – Again: Eating the Elephant In Little Bites.

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