Hospitals failing at the transparency requirements would be hit with civil monetary penalties of more than $100,000 per year.
If the Trump administration has its way, hospitals will have to disclose how much they charge for all supplies, tests and procedures to their patients.
The Hill reports that the secret rates often negotiated by hospitals with insurers are among the elements the White House seeks to include in its efforts to make it easier for patients to price-shop for hospitals—something both hospitals and insurers are firmly opposed to.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
