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Trump administration requires hospitals to post their standard prices online

By someone else following x   2018 Apr 25, 10:59am 563 views   4 comments   watch   sfw   quote     share    


https://www.msn.com/en-us/news/us/medicare-will-require-hospitals-to-post-prices-online/ar-AAwiccI

Medicare will require hospitals to post their standard prices online and make electronic medical records more readily available to patients, officials said Tuesday. ...

Seema Verma, head of the Centers for Medicare and Medicaid Services, said the new requirement for online prices reflects the Trump administration's ongoing efforts to encourage patients to become better-educated decision makers in their own care.

"We are just beginning on price transparency," said Verma. "We know that hospitals have this information and we're asking them to post what they have online."

Hospitals are required to disclose prices publicly, but the latest change would put that information online in machine-readable format that can be easily processed by computers. It may still prove to be confusing to consumers, since standard rates are like list prices and don't reflect what insurers and government programs pay.


This is an excellent move by the Trump administration! Market pressure can bring medical prices down, but only if patients know what the prices are before being charged!

A good next step would be to require that medical providers charge everyone the same price for the same treatment.
1   Ceffer   ignore (1)   2018 Apr 25, 11:24am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Do they get the cash and carry menu, or the egregious insurance sucking menu for show and write-off?
2   Goran_K   ignore (1)   2018 Apr 25, 11:28am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Why wasn't this a policy for decades?

Why is price transparency so hard in the health care industry?
3   Patrick   ignore (0)   2018 Apr 25, 11:42am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Ceffer says
Do they get the cash and carry menu, or the egregious insurance sucking menu for show and write-off?


Yes, it is still a major problem that the prices vary all over the place depending on who you are. That's bad. Everyone should be charged the same price for the same thing.

Goran_K says
Why wasn't this a policy for decades?

Why is price transparency so hard in the health care industry?


It wasn't a policy for decades because price transparency makes it harder for medical providers to rape the public, and rape of the public is what every lobbyist wants more than anything else in the world.

You can easily see who is raping the public by how much money they have to spend on bribing congress to allow the rape to continue:



Note that the AMA and the Hospital association are way up there on the list of biggest rapists of the public.

Price transparency means people would be better able to shop for the most cost-effective treatment, and from the point of view of the AMA and Hospital Ass. such shopping must be prevented no matter what!
4   TrumpingTits   ignore (0)   2018 Apr 25, 11:57am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Goran_K says
Why is price transparency so hard in the health care industry?

Because they don't want it.

I think people are forgetting here that this is ONLY Medicare prices they will have to make transparent. "OH, you're not on Medicare. Those prices are only for Medicare."




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