Transparent piggy bank Will hospital price transparency empower consumers to take control of their health care shopping experience?

Hospitals had to begin disclosing discounted cash prices when new federal transparency regulations took effect on January 1. Now that this information is available (at least to some degree), will patients be able to take advantage of it and save money by shopping around as they do for other services?

“Availability of discounted cash price data should theoretically allow self-pay patients to price shop and inform targeted policy efforts regarding hospital pricing for the uninsured and underinsured, two important self-pay subgroups,” according to a new study reported in HealthAffairs.

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