By forcing hospitals to lay out their pricing strategies, the rule could also undermine employer plan sponsor efforts to negotiate favorable terms for their plan members—terms most would rather not share with other sponsors.
The hospital chargemaster list is the latest political hot potato to be gingerly handled by the Trump administration. With new disclosure requirements scheduled to take effect in 2021, the Centers for Medicare and Medicaid Services intends to provide health care consumers access to data never before made public in an effort to help them make better decisions concerning their health.
But will it work as intended? And what about the employer plan member? After all, most Americans are covered through their workplace.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
