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"Hospitals were more likely to make their charge data available and to offer a shoppable services tool than to post negotiated rates or cash prices. The bottom
by KoftaBob 5y ago
"Hospitals were more likely to make their charge data available and to offer a shoppable services tool than to post negotiated rates or cash prices.
The bottom line: "Compliance could be limited because the penalties for noncompliance are minimal (maximum $300 per day) and the costs of disclosure potentially great," the study's authors write."
The penalty for not complying needs to be waaaay higher than $300/day for hospitals to start complying.
- Causality1 5y agoRegulatory fines should all be additive, at a minimum. 300 the first day, then 600, 900, etc.
- hpoe 5y agoYa, what ridiculousness is that. For those curious $300/day is $109,500, that's the cost to just shaft the IT department on a new employee and pay the fee and you'll come out ahead financially.
- jcowdy 5y agoThe fine is depressing and invalidates much of the benefit and work that went into passing the rule. Until the fine amount is increased (which I suspect may take quite some time if it ever happens) compliance will continue to be low without some other external pressure on the health systems. Are there any tools / organizations that are aggregating this data for consumers to use for comparison of service pricing? The pressure of consumers may be the best chance we have to drive compliance, but it also seems like a chicken / egg scenario where it will be hard to get enough consumer pressure without more than 25% of health systems releasing their pricing.