CMS Administrator Seema Verma said Thursday that the agency is working to improve a new rule requiring hospitals to post chargemaster prices on their websites after experts said the data wouldn't help consumers.
Verma: Chargemaster rule is 'first step' to price transparency
Acknowledging that chargemaster prices aren't accurate out-of-pocket costs for insured patients, Verma maintained the requirement is an "important first step" to increase price transparency. She said the agency is "working toward" addressing the concerns but also said "there is no reason hospitals can't do more."
The CMS is soliciting feedback from stakeholders about how to improve the rule, but Verma declined to offer a timeline for when changes might take place.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.