Under the Trump administration’s new hospital price transparency rules, which was released Nov. 15, hospitals will have to make public the often secret rates they negotiate with insurance companies for all services, drugs, and supplies they provide to patients.
Starting Jan. 1, 2020, hospitals will be required to make public how much they charge for all items and services they provide. Hospitals that fail to disclose the information could face a $300 per day fine. The new rule would affect all hospitals across the country that accept Medicare.
