[With today’s proposed rule,] we are simply showing hospitals through stiffer penalties: Concealing the costs of services and procedures will not be tolerated by this administration. — HHS Secretary Xavier Becerra
[With today’s proposed rule,] we are simply showing hospitals through stiffer penalties: Concealing the costs of services and procedures will not be tolerated by this administration. — HHS Secretary Xavier Becerra
Hospitals could face $2 million fine for not disclosing prices under proposed Biden rule
The Biden administration is doubling down on a Trump-era rule that requires hospitals to disclose the rates they privately negotiate with insurers.

A large number of hospitals have yet to comply with that historic rule, which went into effect January 1 and also requires them to provide in an online, searchable way the rates for 300 common services, such as X-rays, outpatient visits, Cesarean deliveries and lab tests. In addition, hospitals must disclose the amount they are willing to accept in cash.

The Centers for Medicare and Medicaid Services is proposing increasing the penalty for not complying with the rule, which is currently up to $300 a day. The move follows an executive order issued by President Joe Biden earlier this month that directed the Department of Health and Human Services to support existing hospital price transparency rules.

CMS wants to hike the fine to as much as $5,500 for hospitals with more than 30 beds, according to the proposed rule, released Monday. Smaller hospitals would still face a penalty of $300 a day.

The minimum annual penalty would be $109,500 per hospital, which is the current fine, but the maximum would increase to as much as $2 million per hospital.

Some 6,000 hospitals are subject to the price transparency rule.

CMS said it takes seriously concerns it has heard from consumers that hospitals are not making clear, accessible pricing information available online.

“With today’s proposed rule, we are simply showing hospitals through stiffer penalties: Concealing the costs of services and procedures will not be tolerated by this administration,” said HHS Secretary Xavier Becerra.

Only 5.6% of hospitals were compliant with the rule, according to a recent review by PatientRightsAdvocate.org, a consumer group that looked at a random sample of 500 hospital websites.
Read the full article: https://www.cnn.com/2021/07/19/politics/hospitals-prices-transparency/index.html