tci Medicare Compliance & Reimbursement - 2006 Issue 13

SPENDING: Hospitals Must Bare It All Under New Price Transparency Initiatives

Consumer-driven health care drives more purchasing power into benes' hands.Hospitals' pricing structures and quality data will soon face full exposure under President Bush's new price transparency strategy.In the Bush Administration's ongoing efforts to stem out-of-control health care spending, the nation's federal health care programs will begin reporting the prices they pay to hospitals for various services and medical procedures. Pricing information from Medicare, the Federal Employees Health Benefits Plan and the Department of Defense's TRICARE program will all become readily available to beneficiaries under a new initiative the President's economic policy assistant Roy Ramthun revealed at an...

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