Hospitals Continue to Struggle with Price Transparency
Since the beginning of 2021, hospitals have been required to make their prices transparent to the public. Five years later, roughly half of them do – more than at any point since the requirement took effect. But that also means that roughly half of them still do not. Under the law, hospitals are required to make their prices public via machine-readable files that show standard charges, gross prices, negotiated rates with specific payers, discounted cash prices, and prices for the 300 most commonly provided hospital services. Progress toward achieving this objective, however, has been slow: compliance estimated at 5.6 percent [...]
