"Hospital CEO Says More Price Disclosure Won’t Bring Down Health Care Costs" - Scott Saloway
The Trump administration is pushing ahead with a new rule that could require hospitals to reveal the prices they negotiated with insurance companies. The White House says the move could help bring the free market into the murky world of health care. But the CEO of one of the nation’s largest hospital systems says the rule will just lead to more confusion for consumers. “You won’t know what your cost will be even when you look at our prices,” said Kenneth Davis, MD, president and CEO of the Mount Sinai Health System. He added, “There are so many nuances in the insurance policies that going on our site isn’t going to tell you what you’re really going to pay. You need the insurance information, and that’s the information that’s available from the insurance company. They know negotiated prices. So you’re really asking the wrong people to disclose the information.”
— Kenneth L. Davis, MD, President, CEO, Mount Sinai Health System
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