The New York Times reports on why the health industry has been dragging its heels on compliance with price transparency rules. The news organization’s findings show hospitals charging wildly different rates for similar procedures and insurers negotiating bad deals.
This year, the federal government ordered hospitals to begin publishing a prized secret: a complete list of the prices they negotiate with private insurers. The insurers’ trade association had called the rule unconstitutional and said it would “undermine competitive negotiations.” But data from the hospitals that have complied hints at why the powerful industries wanted this information to remain hidden. Read more.
