I like this paragraph from Zero Hedge better giving credit where credit is due:
President Trump’s health-care policy ambitions didn’t receive much attention from the mainstream media, but as we head into the new year, some of his market-based reforms are starting to become reality.
One of the most important is a directive requiring the nation’s biggest hospital chains to publish the rates they’ve agreed to charge various insurers. As WSJ explains, after a failed attempt at an appeal, the major hospital operators are saying they will comply with the new rules and make their prices public starting on Friday.
Suddenly, America’s hospital operators, a $1.2 trillion industry comprising some 6% of the country’s economy, will be subjected to more transparency than they’ve seen in decades. And the Trump Administration policy wonks he pushed the idea are hoping that good ol’ fashioned market dynamics will kick in, and help lower prices across the board.
Per WSJ, the nation’s largest hospital chains, including publicly traded giants HCA Healthcare, Universal Health Services and Community Health Systems, and national nonprofit chains CommonSpirit Health and Ascension, are planing to comply with new requirements to post pricing. Tenet Healthcare declined to comment.
Within a week, hospitals will disclose prices for 300 common procedures.
Wow!
What a great act by President Trump!
Bkmk
Damn tootin’. I wanna know why it costs $30k to shove a lighted plumbing snake up my butt and snip off a few polyps. Then they bill you separate for the butt doctor, the gas, the OR time, the supplies........