Price Transparency Pits Vested Interests vs. Americans

Price Transparency Pits Vested Interests vs. Americans
AP Photo/David Goldman

American patients had cause to celebrate last month when the White House announced two new health care price transparency rules — one final and one proposed — and put teeth into the executive order on “Improving Price and Quality Transparency in Healthcare” that President Trump signed in June.

The final rule requires hospitals to disclose their negotiated rates and cash prices for all services by 2021. The proposed rule, “Transparency in Coverage,” would extend the disclosure requirements to insurance plans.

The new rules, the president said, will be “more important than health care” — a statement that may not be as hyperbolic as it sounds.

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