The Trump Administration has put over 500 hospitals on notice for failure to comply with the president’s executive order requiring price transparency. Hospitals that continue to hide prices from patients may face fines of up to $2 million.
Price Transparency Initiative
According to Ilaria Wheeler, director of research at PatientsRightsAdvocate.org, this move is a major milestone for the price transparency movement. Wheeler stated that price transparency is not a partisan issue, but rather a patient issue, and that it empowers patients, builds trust, and lowers costs through competition.
Former director of the Domestic Policy Council Andrew Bremberg praised the Trump Administration for taking action against hospitals that fail to comply with price transparency rules. Bremberg noted that the administration has made maximum price transparency a pillar of their healthcare agenda.
Enforcement Actions
HHS Secretary Robert F. Kennedy and CMS administrator Dr. Mehmet Oz announced that letters were sent to 519 U.S. hospitals warning them of potential fines if they do not comply with the price transparency rules. Oz stated that hospitals that fail to comply will face penalties, with larger facilities facing fines of up to $2 million for a single year of non-compliance.
Kennedy emphasized that the administration’s message to hospitals is simple: post real prices and come into compliance immediately, or face serious consequences.
Original reporting: KTBS 3 (Shreveport) — read the source article.
