The White House is expected to unveil its long-awaited transparency policy on Friday to force the healthcare industry to do a better job of offering clear prices to patients.
The policy will put the administration on a collision course with hospitals and insurers who say they plan to mount a legal challenge.
It is understood that the White House will publish a regulation setting out its new policy. “It’s going to be not only health insurance transparency, but it will also be hospital billing transparency,” said a senior administration official.
Previous proposals have attracted the opposition of insurers and hospitals who claim it could create confusion and fuel anti-competitive behavior among providers. But campaigners for greater transparency say it will drive down prices and help patients avoid surprise bills.
Cynthia Fisher, of Patient Rights Advocate, said she was delighted that the White House was ready to act.
“When armed with the knowledge and information about the negotiated rates and cash prices that providers, insurers, and third-party administrators currently keep shrouded in secrecy, employers and patients can shop for price and quality.
“Real price transparency and open competition will allow patient choice creating a functional healthcare marketplace — just like we see in other economic sectors like retail and travel.”
White House domestic policy director Joe Grogan recently said patients were losing out in an opaque system that allowed profiteers to thrive.
“There’s a lot of money flowing through the healthcare system, and unless we get at confronting some of the vested interests that have been making a lot of money year after year on this, the American people are going to continue to be exposed,” he told an Alliance for Health Policy event last week.
The post White House moving closer to forcing greater healthcare price transparency appeared first on Washington Examiner.