State Treasurer Applauds Efforts To Get The Correct Medical Prices
Last updated 7/26/2021 at 2:47pm
State Treasurer Dale R. Folwell, CPA, applauded the Biden administration’s new penalties on hospitals that refuse patients the right to know medical prices. The administration must enforce its new penalties, but state leaders cannot remain on the sidelines. They must also step up to protect patients.
A historic federal rule requires hospitals to publish all their prices online in a “machine-readable file” and to post a consumer-friendly list of prices for 300 shoppable services. For decades, hospital prices remained a secret until patients got the bills. This rule is a good start t...