Unfortunately hospitals are in the same category as banks that allows them to get away with breaking rules and criminal behavior with a slap on the wrist.
If there ever has been as sector that needs price transparency it's hospital and medical in general. It's really hard to understand that people are putting up with insanity.
There’s one difference, and that’s Medicare/Medicaid. The government could easily decide that they will stop paying hospitals for Medicare/Medicaid patients until this gets implemented. I bet it would happen pretty fast.
That's not something that could be easily implemented by a new CMS regulation. They lack the statutory authority to make Medicare payments conditional on price transparency compliance. Changing that would require an Act of Congress.
If there ever has been as sector that needs price transparency it's hospital and medical in general. It's really hard to understand that people are putting up with insanity.