Original source: https://www.wsj.com/articles/white-house-pushes-for-more-transparency-on-health-care-prices-11557945220
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Wall Street Journal (05/15/19) Armour, Stephanie
In recent weeks, the Trump government has been working behind the scenes to get a strategy to induce greater price disclosure across much of the $3.5 trillion health-care industry. Sources say the strategy relies on existing administrative instruments, such as Labor Department powers under the law that establish minimum criteria for current principles that are hospital-payment and private-industry health plans under Medicare. The sources note the administration is considering forcing insurance companies to publicize the rates they pay for providers, such as insurance companies providing coverage at the private-employer sector. In addition, they state the White House needs hospitals and doctors to give their cost of care to patients till they receive services or treatment, whether or not the health-care provider is at the individual’s insurance network. The projects are expected to move to require physicians hospitals, and other providers to publicly disclose the negotiated costs they charge insurance companies for their solutions…. Read More
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