The Trump administration surprises again. Amid the chaos and backtracking and incoherence, in healthcare at least the administration periodically lobs some market-driving changes. As of January 1, 2019, the Trump administration is requiring all hospitals to post their prices online. Although today this results in a confusing mess of codes, prices, and chargemasters “that no one short of a billing expert would be able to make sense of”, this we predict will open the way for creativity and innovation. Healthcare pricing is a solvable problem and transparency is a lever to drive change. The confusion and complexity of the price lists being posted today further discredits the legacy players in the industry, who use complexity to obfuscate the gouging of patients. But someone will now seize the mantel and make a move for a truly consumer-oriented pricing model.
Read KHN: As Hospitals Post Sticker Prices Online, Most Patients Will Remain Befuddled