Centers for Medicare & Medicaid (CMS), detailed price breakdowns, hospital comparisons, next avenue website, price disclosures
Hospitals Must Now Disclose Prices. Here’s How to Interpret Them.
Need a knee replacement and wondering what your out-of-pocket cost might be? Under a new regulation from former President Donald Trump and just enacted by the Centers for Medicare & Medicaid Services (CMS) in January, hospitals must now tell you, as well as prices for other “shoppable” services that can be scheduled, from psychotherapy to routine blood tests.
The rule requires nearly all of the nation’s 6,000 hospitals post detailed price breakdowns on their websites for at least 300 services, 70 of which are dictated by CMS. The rest are left up to the hospitals’ discretion.
But, as with so much of health care, the reality of hospital price transparency is complicated.
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