Although hospitals are still devoting their full attention and resources to responding to the ongoing COVID-19 pandemic, they are expected to comply with the Centers for Medicare & Medicaid Services (CMS) price transparency rule. After withstanding a recent legal challenge, the rule went into effect on January 1, 2021. Understandably, hospitals have been slow to comply with the rule.
The rule is part of the Trump administration’s larger effort to reduce healthcare costs for consumers. In his executive order instructing the Department of Health & Human Services (HHS) to propose the rule, President Trump expressed hope that enhanced transparency of the prices hospitals charge will allow consumers to make well-informed healthcare decisions.
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