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With Emily Martin and Dan Goldberg
On Tap Michigan lawmakers want Biden to send extra vaccine doses to the hard-hit state. The Congressional Budget Office takes a deep dive on pharmaceutical R&D.
Will greater price transparency help lower health care costs?
Iowa health care experts weigh in on new hospital price disclosure rules Friday, April 9, 2021 6:00 AM
As U.S. hospitals entered the new year amid the pandemic, hospital administrators who had their hands full with community COVID infection rates and plunging revenues also had a new federal price disclosure rule they were required to implement.
Effective Jan. 1, hospitals are required to post the prices they charge for their 300 most common medical procedures ones that are most “shoppable” by people before they go into the hospital displayed in a “consumer-friendly format.” The Centers for Medicare and Medicaid’s “Price Transparency Rule for Hospitals” is aimed at empowering the average consumer to shop for the best price on medical procedures ranging from colonoscopies to cardiac catheterizations.
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