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February 10, 2023

Traditionally, hospitals did not have to make their prices available to the public. There are many reasons behind this, including the fact that different insurers pay different pri

Traditionally, hospitals did not have to make their prices available to the public. There are many reasons behind this, including the fact that different insurers pay different prices for the same procedure. However, as of January 1, 2022, based on a new CMS rule, hospitals are required to publicize their prices. More specifically, they have to make their chargemasters, which include their listed prices for various services and supplies, available to the public.
Two examples are Partners and Tufts Medical Center .
What is the importance of publicizing hospital prices?
What are the cons and pros?
Is this new rule good or not? Why?

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