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A Dramatic Shift in Health Care Pricing Transparency

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The Issue: On June 24, 2019, President Trump signed an executive order, which instructed the Department of Health and Human Services to publish rules requiring hospitals to publicly disclose their negotiated rates for services. On August 9, 2019, proposed rules were published by the Centers for Medicare and Medicaid Services ("CMS"). The Situation: The proposed rules require hospitals to make public via the internet a description of each item and service the hospital provides with all corresponding payer specific negotiated charges in both "machine readable" and "user friendly" formats.