Price Transparency Fails To Spur Patient Shopping
Republican leaders and President Donald Trump pushed price-transparency rules requiring providers and insurers to post prices, a policy that took effect in 2021 but has seen low compliance. CMS notified 27 hospitals of potential fines from June 2022–May 2025, while insurers and startups primarily use sparse, inconsistent data for contract negotiations; researchers find no evidence patients are using it to shop.
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Sources
- Read OriginalTrump required hospitals to post their prices for patients. Mostly it’s the industry using the data.news-medical.net
