Question

Describe how Medicare impacts the lack of price transparency and quality today.

Answer 1

Ans) Under the hospital price transparency rule, hospitals must publish their standard charges online in a machine-readable format.

- HospitalsHospitals have argued that making them disclose negotiated prices will increase healthcare costs by allowing insurers to collude to fix prices, a claim that many economists dispute.

- Price transparency absent corresponding quality and out-of-pocket-cost data may lead to poor health care choices and higher costs, without improvements in the care provided.