US to force hospitals to reveal rates

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The Trump administration said Friday it would begin forcing US hospitals to publish their prices of care and the discounted deals they reach with insurers from 2021 in a bid to rein in health care costs.

US Secretary of Health and Human Services Alex Azar unveiled the health care transparency initiative at the White House

HHS Secretary Alex Azar said the move would help by “shining light on the costs of our shadowy system and finally putting the American patient in control.” “Kept secret, these prices are simply dollar amounts on a ledger; disclosed, they deliver fuel to the engines of competition among hospitals and insurers.”

 

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