Hospitals appear to be dragging their feet in posting their prices even though it’s required by a federal rule. The rule went into effect nearly one year ago on January 1, 2021. Several studies have found that the majority of hospitals have been “unambiguously non-compliant.”
The Biden administration has shown signs of getting tough. This summer, it told hospitals they could face fines up to $2,000,000 for non-compliance. Katy Talento is the executive director of alliance of Health Care Sharing Ministries and a former top health advisor at the White House who led the drive for price transparency. She discusses why enforcement of the rule is desperately needed.