OnDemand WTP Pricing Research

Trump Administration Targets ‘Secretive Nature’ of Health Care Pricing | The New York Times

WASHINGTON — Attacking “the secretive nature of pricing in the health care market,” the Trump administration said this week that it wanted to require public disclosure of the rates that doctors and hospitals negotiate with health insurance companies.

“Patients have a right to price information” before they receive care, the administration said.

Disclosure of the wildly different prices paid by insurers for the same services in the same market would probably incite competition and “drive down health care prices,” the administration said in soliciting comment on its idea.

The concept, set forth Monday in the Federal Register and reported by The Wall Street Journal, is not a formal proposal, but rather a first step toward a possible proposal, clearly signaling the direction in which President Trump wants to go.

Price transparency has been a hallmark of health policy under Mr. Trump. In a country that spends more than $3.5 trillion a year on health care, administration officials say, it is absurd that consumers cannot shop for medical goods and services as they shop for airline tickets and electronic gear.

Read complete article here:

Trump Administration Targets ‘Secretive Nature’ of Health Care Pricing – The New York Times.

Post a Comment

WP-SpamFree by Pole Position Marketing