Hospitals Say They Will Publish Previously Secret Prices - (The Wall Street Journal via NewsPoints Desk)

  • Major US hospital operators say they will comply with new rules to make public their prices for medical procedures, exposing previously secret market rates, reported The Wall Street Journal.

  • Hospital chains, including HCA Healthcare, Universal Health and Community Health Systems said they planned to comply with new requirements to post pricing, while Tenet Healthcare declined to comment.

  • Health and Human Services Secretary Alex Azar said earlier in December the hospital pricing data and other transparency rules put forward by the administration were fundamental to a competitive market.

  • As of January 1, hospitals will be required to publish the prices negotiated privately with each payer for 300 common services for easy use by consumers, and make public the same information for all their procedures in a format that can be read and analyzed by computers.

  • The American Hospital Association sued to halt the rule and said it went beyond the statutory intent of the Affordable Care Act, arguments rejected by a federal judge in the District of Columbia. A federal appeals court this week upheld that ruling.

To read more NewsPoints articles, click here.

Reference Articles