White House Unveils Rules Requiring Online Disclosure of Hospital Prices

schwit1 shares a report from The Hill: The Trump administration on Friday unveiled new rules to require increased disclosure of health care prices, in a move officials said would drive down costs by increasing competition. One regulation would require hospitals to provide a consumer-friendly online page where prices are listed for 300 common procedures like X-rays and lab tests. A second regulation would require insurers to provide an online tool where people could compare their out-of-pocket costs at different medical providers before receiving treatment. The rule announced Friday affecting hospitals is a final rule, set to take effect Jan. 1, 2021. The rule for insurers is still a proposal that is not yet finalized. “Hospitals and insurers will fight this. The last thing they want is consumers price shopping,” adds schwit1.