Transparency in pricing increases accountability, drives competition, and empowers patients with the necessary tools to make informed decisions about their healthcare. Studies show hospitals markup prices by 300% on average, so it’s no surprise hospitals continue to cling to pricing structures that keep their prices hidden from patients.
Better Solutions for Healthcare supports the enforcement of federal transparency laws and harsher penalties against hospitals that refuse to comply. Currently, fines for noncompliance are negligible – well below the added revenue hospitals rake in through inflated prices hidden from public scrutiny. Expanded oversight policies are critical toward ensuring hospital prices aren’t kept in a black box, uninfluenced by true market pricing trends.
Pricing abuses in healthcare cost American workers an estimated $240 billion in wasteful spending each year.
Since 2021, federal law has required hospitals to publicly post information about their standard prices and negotiated discount rates for common health services to encourage
February 08, 2023 – Less than a quarter of hospitals are complying with the hospital price transparency rule over two years after the regulation went into effect,
The hospital price transparency rule, which took effect in January 2021, requires hospitals to publish machine-readable price lists and display rates for medical services in
America’s health care system is built upon a lack of transparency.1 In most states, it is nearly impossible for individuals and families to compare the cost
Paid for by Better Solutions for Healthcare
