Friday, November 20, 2020

Surprise federal drug rule directs insurers to reveal what they pay for prescription drugs

Surprise federal drug rule directs insurers to reveal what they pay for prescription drugs
Kaiser Health News
Health insurance companies will have to give their customers estimated out-of-pocket costs for prescription drugs and disclose to the public the negotiated prices they pay for drugs, under an unexpected new Trump administration rule. The administration said those requirements, part of a broader rule issued Oct. 29 forcing health plans to disclose costs and payments for most health care services, will promote competition and empower consumers to make better medical decisions. The new rule does not, however, apply to Medicare or Medicaid.
 

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