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Street sign comparing prices CMS is looking into what other actions it should take to make sure that hospitals display price information in a way that’s most useful to consumers. (Image: Shutterstock)

In its quest to improve price transparency, the Centers for Medicare and Medicaid is on the hunt for a company that has the expertise to help it create a price comparison tool for consumers to check prices at hospitals.

That’s according to Modern Healthcare, which says that despite industry opposition, CMS is plunging ahead with its plan. Why the opposition? According to industry arguments against the action, the cost of any given procedure is more dependent on the kind of insurance carried by the consumer, not the provider of the procedure.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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