One of the main problems with American healthcare is the paucity of transparency.
It is rare to know what you are paying for at the hospital or a medical clinic, especially when you have health insurance.
Economic Collapse News has documented several smaller offices that have posted prices, making it clear what it costs for different services, from an X-ray to a flu shot.
Effective January 1, a new price transparency rule went into effect that mandated hospitals share their prices online in a consumer-friendly format. These rates are negotiated with insurers for 300 common medical services.
Moreover, as of 2023, insurance providers will be required to post their negotiated rates with providers and patients’ estimated out-of-pocket expenses for various services.
Ultimately, consumers can now shop around for the best prices, which is crucial in any industry in the marketplace.
While this is a state-imposed rule, this is still a positive measure to allow customers to understand what they are paying for.
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