Rates for services must be published.
The U.S. District Court for the District of Columbia has ruled that hospitals are required to publish rates for services after negotiating with insurers as part of the new hospital transparency regulations. These new policies are designed to lower health care costs for Americans.
Hospitals and insurance companies objected to a rule from the Centers for Medicare and Medicaid Services, which would require hospitals to publish the secret rates for services that they negotiate with insurers. ObamaCare includes a rule that hospitals must also post the standard charges for services, which does not take into consideration what people on different insurance plans would have to pay.
CMS Administrator Seema Verma said, “This is a huge win for American patients. … Thank you to POTUS Donald Trump who always puts patients first.”
The rule is scheduled to take effect in January 2021. Hospitals face fines up to $300 per day if they don’t publicize negotiated rates.
As the Lord Leads, Pray with Us…
- With thanksgiving for the hospital cost transparency and its disclosures as necessary to affordable health care.
- For hospital administrators to adhere to the new rule that promotes better financial preparation for patients.
Sources: Washington Examiner, Wall Street Journal
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