Healthcare Price Transparency Rules Haven’t Helped Patients Yet

Despite a recently implemented rule requiring insurers to disclose what they pay for different kinds of care, patients have yet to benefit. The Centers for Medicare and Medicaid Service (CMS) also requires healthcare systems to do similarly. Unfortunately, a patient advocacy org has found these rules have not driven down health care prices for patients.

According to Aneesh Chopra, former US Chief Technology Officer, “In the short run, it is likely that insurers will now see how much their peers are getting in terms of discounts. There will likely be a convergence to the mean. In general, this may be a good thing. We may see providers taking on more of the “come to me, I’m a better value storyline.”

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(Source: Politico Future Pulse, September 7^th, 2022)