Two NEW price transparency rules for health care

Hi Friend,

Have you ever bought a new car, got a new cell phone, or booked a flight through Priceline?

Chances are you saw what you owed upfront, including price, negotiated rates, and any potential out-of-pocket costs. By having this information in advance, you could shop around, compare plans, and prepare a budget.

That’s what price transparency is, and that’s why it is so important we get price transparency injected into our healthcare system.

Now we have a chance. The administration just introduced new rules, the latest of a series of rules to deliver price transparency to health care.

The proposed rules would require that insurance companies and health payment groups:

Give you access to healthcare prices you’d be charged BEFORE you receive care, so you can compare and choose what works best for you.
Publicly post their prices for all covered benefits, including their negotiated rates, out-of-pocket estimates, and out-of-network prices.
Post quality metrics about the healthcare providers, as well as your own electronic health information, in a real-time, easy-to-access, digital format.

Friend, the administration needs to hear from you on their latest rules before enacting them. Submit your comments by 11:59 p.m. on January 14, 2020.

These rules would mean: no more guessing which provider has the best quality; no more surprise, exorbitant hospital bills; and no more searching for old medical records.

This would drive down prices, increase competition, establish a true marketplace for health care, and ultimately improve health insurance rates and quality of care.

Act now: Submit your comments supporting these price transparency rules by the January 14th deadline.

Thanks,

Hadley Heath Manning

*Note: These proposed rules are the latest of a series of rules being drafted to create price transparency in our healthcare system. All comments will be directly sent to the U.S. Departments of Treasury, Labor, and Health and Human Services. If you’d like to share your story with your Members of Congress, please go to www.usa.gov/elected-officials. For more information on the price transparency rules, click here or here.

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