CMS announces landmark price transparency proposals that benefit consumers

CMS

29 July 2019 - Additional proposed rules advance agency’s patients over paperwork and meaningful measures initiatives, strengthen quality incentives, and build on commitment to improving the lives of patients with kidney disease.

Today, the Centers for Medicare & Medicaid Services (CMS) is announcing three important Medicare proposed payment rules that support the transformation of the healthcare system and deliver on providing quality care for patients.

This proposed rule contains historic changes as a result of President Trump’s recent Executive Order on price and quality transparency that lays the foundation for a patient-driven healthcare system. CMS is putting forward price transparency requirements that will increase competition among all hospitals by requiring them to make pricing information publicly available. Each year, CMS issues a proposed rule to update CY Medicare payment policies and rates under the OPPS and the ASC Payment System.

Read CMS press release

Michael Wonder

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Michael Wonder

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Medicine , US , Pricing , Transparency