The Trump administration finalized a new rule Monday that requires healthcare providers to disclose more accessible public pricing disclosures.
Watch the announcement in the video player above.
The rule requires providers to post machine-readable files monthly for each plan or coverage they offer, and mandates that insurers cut out “ghost rates”– or negotiated rates between insurers and medical providers for services never performed.
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The rule builds on standards crafted in 2020, by addressing issues with oversized files and difficult data navigation.
At a news conference, Health and Human Services Secretary Robert F. Kennedy Jr. said the new rule provides a “clear view of what healthcare actually costs.”
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FTC Chairman Andrew Ferguson issued a formal warning to major for-profit hospital groups regarding their legal obligation to provide truthful pricing.
Source: www.pbs.org
