Health Care

New transparency rules coming to hospitals nationwide January 1

New transparency rules coming to hospitals nationwide January 1”

According to Newsweek, a new federal rule will require hospitals across the country to list their prices online beginning on January 1, 2019. Patients usually only learn how much they've been charged after a claim has been sent to one's insurance provider-or once they've received a shockingly high bill.

Seema Verma, the head of the Centers for Medicare and Medicaid Services, told the Associated Press that the new requirement for online prices reflects the Trump administration's efforts to help patients become better decision makers.

With the prices available online, patients will be able to compare prices before seeking treatment.

Hospitals will also have to work to make sure electronic medical records are accessible to patients in a usable format, even once they are discharged.

But some people say insurance companies are already doing that job of making health care prices more transparent.

Prices vary from hospital to hospital, and they can all depend on what your insurance company negotiates with hospitals.

"Ultimately, I think some of that unpredictability rests with the insurers and the fact that they establish what they will and won't pay for", said Sarah Hackenbracht, interim president and CEO of the Greater Dayton Area Hospital Association.

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