Price Transparency News

Quarterly content and information related to the Transparency in Coverage Rule

The Price Transparency Rule has the potential to instigate massive changes in the healthcare system and has already created challenges for hospitals over the past year. Beginning in July, most group health plans and issuers of group or individual health insurance will begin posting pricing information for 500 covered items and services, and by 2023 the Rules apply to all services. 

The objective of health plan price transparency is not only to empower consumers to make more informed decisions before receiving care, but also to drive competition greater competition among providers, with the intent of reducing costs and improving quality. 

As we get closer to the health plan implementation date, we are tracking the news and invite you to join us by subscribing to Price Transparency News which will summarize each quarter the progress of the Transparency in Coverage rules, payer implementations across the country and innovative solutions for providing the most accurate display of individual’s cost-sharing responsibility.

The Transparency in Coverage rules go into effect in stages,
with enforcement beginning on July 1, 2022.
Are you prepared to be compliant?

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