Most hospitals aren't complying with price transparency rule

Re:Most hospitals aren't complying with price transparency rule by KoftaBob on Tuesday June 15, 2021 @08:43AM (#27514435)

"Hospitals were more likely to make their charge data available and to offer a shoppable services tool than to post negotiated rates or cash prices.

The bottom line: "Compliance could be limited because the penalties for noncompliance are minimal (maximum $300 per day) and the costs of disclosure potentially great," the study's authors write."

The penalty for not complying needs to be waaaay higher than $300/day for hospitals to start complying.

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Re:Most hospitals aren't complying with price transparency rule by jcowdy on Tuesday June 15, 2021 @12:20PM (#27517636)

The fine is depressing and invalidates much of the benefit and work that went into passing the rule. Until the fine amount is increased (which I suspect may take quite some time if it ever happens) compliance will continue to be low without some other external pressure on the health systems. Are there any tools / organizations that are aggregating this data for consumers to use for comparison of service pricing? The pressure of consumers may be the best chance we have to drive compliance, but it also seems like a chicken / egg scenario where it will be hard to get enough consumer pressure without more than 25% of health systems releasing their pricing.

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Re:Most hospitals aren't complying with price transparency rule by hpoe on Tuesday June 15, 2021 @11:25AM (#27516833)

Ya, what ridiculousness is that. For those curious $300/day is $109,500, that's the cost to just shaft the IT department on a new employee and pay the fee and you'll come out ahead financially.

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Re:Most hospitals aren't complying with price transparency rule by Causality1 on Tuesday June 15, 2021 @11:22AM (#27516796)

Regulatory fines should all be additive, at a minimum. 300 the first day, then 600, 900, etc.

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