Tuesday, August 6, 2019

Will CMS Price Transparency Proposal Create a 'Floor' for Pricing?


The Trump administration on July 29 issued a proposed rule that would require hospitals to publicly disclose payer-specific negotiated rates for all "items and services" they offer, such as procedures, supplies and facilities fees.
One expert tells AIS Health that a legal challenge from industry groups is all but certain if the rule is finalized.
"They will undoubtedly get sued, and probably sooner rather than later," says Dan Mendelson, founder of the consulting firm Avalere Health, says of the administration. The statute that CMS drawing upon with its proposal allows HHS to require that hospitals disclose their "usual rates," he says, but doesn't allow the agency to compel the disclosure of rates negotiated with insurers.
America's Health Insurance Plans (AHIP), meanwhile, argued that revealing negotiated rates would cause providers to push prices higher.
Citing a 2015 blog post from Federal Trade Commission officials that makes a similar point, AHIP President and CEO Matt Eyles said in a statement that "multiple experts…agree that disclosing privately negotiated rates will make it harder to bargain for lower rates, creating a floor — not a ceiling — for the prices that hospitals would be willing to accept."
In general, though, "the administration's instinct, I think, is absolutely right — that consumers want this kind of information; they want cost information, and they want quality information," Mendelson says.
Ben Isgur, the leader of PwC's Health Research Institute, points out that "there's another group out there that’s very interested in prices — and those are the employers." If they had access to negotiated rates for hospital services, employers would have an easier time choosing lower-cost providers when setting up their health plans’ networks, he says.

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