MICHAEL TOMINAC
  • Home
  • About
    • Michael Tominac
    • Testimonials
  • Coaching
  • FAQ
  • Blog
  • Contact
  • Home
  • About
    • Michael Tominac
    • Testimonials
  • Coaching
  • FAQ
  • Blog
  • Contact

Trump administration proposes rule requiring hospitals to publish the prices negotiated with insurers

7/30/2019

 
Author: Angelica LaVito
Picture

Key Points:

  • The Trump administration is proposing a rule that would require hospitals to publish the prices negotiated with insurers.
 
  • Hospitals could be fined up to $300 a day if they fail to make prices available online.
 
  • President Donald Trump has made lowering health-care costs one of his key priorities.
The Trump administration is proposing a rule that would require hospitals to publish the prices that are negotiated with insurers or risk being fined.

The proposed rule, announced Monday, would apply to the roughly 6,000 hospitals that accept Medicare. Hospitals could be fined up to $300 a day if the standard and negotiated prices for services are not posted online. ​

Starting this year, the administration required hospitals to publish list prices, or the sticker price. That does not reflect what someone might pay with insurance. The proposed rule would go a step further and require hospitals to also post the prices various insurance plans pay.

President Donald Trump has made lowering health-care costs one of his key priorities.

“We’re trying to change the paradigm here,” Centers for Medicare & Medicaid Services Administrator Seema Verma said on a call with reporters. “We’re trying to ensure we have a competitive free market where providers can compete on cost and quality and patients have the information they need to seek high-quality providers.”
​
The public comment period will be open until the end of September. If finalized, the rule would take effect in January.

Read More: Here

Comments are closed.

    Archives

    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    March 2016
    February 2016
    December 2015
    July 2015

    Categories

    All
    Business
    Culture
    Finances
    Health Wellness
    Leadership
    Management
    Michael Tominac
    Music
    Parenting
    Privacy
    Relationships
    Religion Spirituality
    Science Technology
    Vaccine Debate

    RSS Feed

© 2015 - 2022  MICHAEL TOMINAC INTERNATIONAL, INC.  All rights reserved.
Terms of Use and Privacy Policy

MICHAEL TOMINAC INTERNATIONAL, INC.
P.O. Box 445
Nanuet, NY 10954 USA
845.501.4108​