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CMS to Improve Rule Requiring Hospitals to Post Chargemaster Prices

CMS is working to improve a new rule requiring hospitals to post chargemaster prices on their websites after experts said the data wouldn’t help consumers, writes Modern Healthcare. Acknowledging that chargemaster prices aren’t accurate out-of-pocket costs for insured patients, CMS Administrator Seema Verma maintained the requirement is an “important first step” to increase price transparency. She said the agency is “working toward” addressing the concerns but also said “there is no reason hospitals can’t do more.”  The CMS is soliciting feedback from stakeholders about how to improve the rule, but Verma declined to offer a timeline for when changes might take place.

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Modern Healthcare: https://www.modernhealthcare.com/article/20190110/TRANSFORMATION04/190119996/verma-chargemaster-rule-is-first-step-to-price-transparency