New Report Exposes Egregious Lack of Price Transparency from Hospitals Nationwide
Despite federal transparency rules that took effect four and a half years ago and polling showing that 9-in-10 Americans support price transparency, many hospitals have stopped publishing actual prices in dollars and cents and instead posted estimates, percents, and algorithms, which are uninterpretable by everyday consumers.
"Our Interim Semi-Annual Report exposes the most egregious practices by hospitals nationwide that are hiding their prices and forcing Americans to sign a blank check. Four and a half years after the federal healthcare price transparency rule took effect, hospitals and insurers continue to flout the law," said Founder and Chairman of PRA Cynthia A. Fisher. "We deserve prices, and with swift action from the
The report concludes with recommendations to improve the quality and accuracy of pricing data in the machine-readable files (MRFs) as well as technical suggestions to enable the technology needed for consumers to identify the vast price variation both within and across hospitals and make informed decisions to lower their costs.
In conjunction with the report, PRA also submitted a comment letter to CMS in response to its proposed 2026 OPPS rule. The letter offers specific recommendations to strengthen and enforce the Hospital Price Transparency Rule to make it more useful and impactful for all healthcare consumers – patients, employers, unions, and taxpayers.
Key Findings:
- 43% of reviewed hospitals are posting fewer prices now than last year in PRA's
November 2024 report. - 236 of reviewed hospitals failed to post any prices in actual dollars and cents.
- 1,501 (75%) of reviewed hospitals posted algorithms that require interpretation by a contract expert.
- 1,000 (50%) of reviewed hospitals posted algorithms that are unquantifiable due to ambiguity or missing information.
- Across hospitals that are posting pricing information, PRA found wide price variation.
- Prices within the same hospitals varied as much as 40.2x.
- Cervical Spinal Fusion at University of Kansas Hospital Main Campus:
- Low price:
$650.00 - High price:
$26,100.59
- Low price:
- Cervical Spinal Fusion at University of Kansas Hospital Main Campus:
- Prices across hospitals in the same state varied as much as 468.8x.
- Mammogram of Both Breasts in
Florida :- Low price:
$32.00 at Cleveland ClinicMartin North - High price:
$15,000.00 at HCA Florida North Florida Hospital
- Low price:
- Mammogram of Both Breasts in
- Prices within the same hospitals varied as much as 40.2x.
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-report-exposes-egregious-lack-of-price-transparency-from-hospitals-nationwide-302558210.html
SOURCE Patient Rights Advocate
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sloth Move Releases Analysis of Fragmented Address Changes After 1.8 Million English Home Moves
- HeyGen Earns Committed Badge from EcoVadis
- LeoSight and Axis Communications Unite Video and Sensor Intelligence for More Coordinated Public Safety Response
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share