On the morning of October 29, 2020, the Centers for Medicare & Medicaid Services (CMS) issued a press release, fact sheet, and an unpublished final rule on its website that implements the group health plan (“plan”) and health insurance issuer (“issuer”) portions of the Administration’s Executive Order on Improving Price and Quality Transparency (E.O. 13877).[1] [...] Read More
This morning, in response to President Trump’s executive order on price and quality transparency, the Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS), in conjunction with the Department of the Treasury and the Department of Labor released a proposed rule entitled “Transparency in Coverage.” This proposed rule would [...] Read More
When the federal government began requiring hospitals to post their prices at the beginning of this year, CMS Administrator Seema Verma praised the initiative and declared that revealing this financial information would “. . . empower patients.” Three months into the effort, do consumers have more transparency and choice, is there increased price competition among [...] Read More