Price Transparency

A new law went into effect on January 1, 2020. The Hospital Price Transparency Rule requires hospitals to “establish, update, and make public a list of the standard charges for the items and services that they provide.”

I don’t think that knowing how much something is going to cost before you buy it should be all that controversial. And if the law says that hospitals have to post this information, then they should post this information. Yet study after study has shown that many hospitals,
approximately 64% of them, are refusing to comply.

Which has got the federal government angry. When the law first passed, the maximum penalty for failing to comply was $300 per day. But now that so many hospitals have refused to obey the law, the maximum penalty has been increased to $5,500 per day.

– Lee Aronson, Attorney

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