The Centers for Medicare and Medicaid Services' (CMS's) new rule on hospital price transparency finally went into effect on January 1, 2021. This was after a year-long delay to accommodate concerns about the burden of implementation, health care industry criticism, and an American Hospital Association (AHA) lawsuit.
The rule requires hospitals to disclose the standard charges for all items and services provided, and charges for the hospital's 300 most shoppable services, including payer-specific negotiated charges, in a consumer-friendly format.
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