Senate introduces bill to force hospital price transparency
Earlier this week, Sen. Chuck Grassley (R-Iowa) joined his colleagues Sens. Mike Braun (R-Ind.), Joni Ernst (R-Iowa), Mike Enzi (R-Wyo.), John Kennedy (R-La.) and Kelly Loeffler (R-Ga.) in introducing the PRICE Transparency Act.
If signed into law, this Act will effectively squash AHA's appeal of the Trump Administration's summary judgment victory to uphold the Final Rule, requiring hospitals to disclosure their payer negotiated rates.
In a statement by Senator Grassley, he says, "There will be continued legal challenges brought by hospital and insurance lobbies to keep their prices and negotiated rates secret until after patients get care. Continued legal challenges will likely be brought by hospital and insurance lobbies to keep their prices and negotiated rates secret until after patients get care. The Health Care PRICE Transparency Act would effectively codify these rules and overcome the court challenges."
Price transparency is not going way. It's time to plan a course of action to meet all of the new price transparency requirements. We, Hospital Pricing Specialists, are experts in this field and have a cost-effective, outsourced solution.
I would encourage you to set up a 15-minute call to find out how we can help by clicking here [SCHEDULE CALL].
In our short call, you will learn how your provider organization can cost effectively outsource all of your CMS price transparency requirements to Hospital Pricing Specialists to meet the new rules going into effect in just over 6 months [1/1/21].