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.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.