Price Transparency
What to Know: Hospitals want to delay revealing their prices for medical procedures, citing the COVID-19 pandemic.
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The TPPF Take: Requiring hospitals and insurers to disclose rates and prices can reduce inflated health care costs and benefit all Americans. Thatâs especially important now.
âHealth care consumers do not know what theyâll pay until after treatment occurs,â says TPPFâs David Balat. âThe fact is that hospitals have the data, yet they have spent significant resources fighting the administration to keep their negotiated prices hidden from their patients rather than prepare for health care price transparency.â