The estimated costs to prepare the required data in compliance with the rule total between $38.7 to $39.4 million. (Photo: Shutterstock)

In their quest to preserve the rates they negotiate with insurance companies, hospitals have banded together to stop the Trump administration’s price transparency rule.

According to The Hill, the American Hospital Association and other hospital groups have filed a lawsuit in the U.S. District Court in Washington that claims the Centers for Medicare and Medicaid Services rule violates the First Amendment by provoking compelled speech and goes beyond the intended meaning of “standard charges” transparency in the Affordable Care Act.

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Marlene Satter

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

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