Biden signals he will enforce Trump rule requiring hospitals to post their prices, including rates negotiated with insurers
President Biden signaled Friday that he will enforce the Jan. 1 Trump administration rule that makes hospitals post the prices they charge cash-paying customers and the rates they negotiate with insurers, “figures that were largely obscured from public scrutiny,” reports Alexandra Ellerbeck of The Washington Post.
Ellerbeck explains: “Many Americans are insulated from the direct cost of treatment because their insurance picks up the tab, and even those patients who pay directly may have a hard time wading through hundreds of pages of complex pricing documents. Even when hospitals do post their prices, many Americans don’t know to look for them. Fewer than 1 in 10 Americans say they are aware that hospitals are required to post their prices, according to a recent Kaiser Family Foundation poll.”