Medicare Officials Post Prices of 3,000 Hospitals in Effort to Raise Consumer Awareness of Arbitrary Hospital Pricing
Goal is to provide transparency to help consumers shop for hospitals; experts predict more transparency in healthcare prices, including for clinical laboratory and pathology testing
For the first time ever, a federal agency has posted on the Internet the prices hospitals charge for healthcare services specifically to help consumers price shop when they select a hospital. This is a major development and has direct implications for clinical laboratories and pathology groups that are based in hospitals and health systems.
On May 8th, the U.S. Department of Health and Human Services announced the availability of hospital-specific cost data for inpatient services at 3,000 hospitals. The data are now available on the Medicare Website. (more…)