Trump Administration Proposes Major Healthcare Price Transparency Overhaul
cms.gov
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Contributed by: Kate Gamble
Summary
The Trump Administration, alongside CMS and other departments, is proposing significant updates to health care price transparency rules aimed at making pricing clearer and more actionable for consumers. These revisions build on the 2020 Transparency in Coverage rules by addressing complexities in data presentation, ultimately enhancing usability for patients and stakeholders. Key improvements include reorganizing in-network rate files, reducing reporting frequency, and expanding out-of-network pricing information. The implications for healthcare professionals involve a more informed patient base that can make better choices, potentially leading to increased competition and affordability in the health care system.
