The argument that contracted rates for healthcare services are proprietary and confidential was invalidated as of January 1, 2021, when the Trump administration first required hospitals to publicly post online their negotiated prices enumerated by payer. Despite this, as we approach 2024 there is still work to be done to achieve “real” price transparency.
This is not surprising. As an organization that has been working on price and quality transparency since our founding in 1990, we were cautious about the new rules for hospitals and follow-on rules for health plans. There is still considerable work to be done on standardization and actionability of the data.
