U.S. Hospitals must list the price they charge for at least 300 different services as of January 1, 2021 according to the new Hospital Price Transparency law. The price lists must be in a consumer-friendly display format as well as downloadable data file formats on each hospital’s website. More resources regarding this new rule can be found at www.cms.gov/hospital-price-transparency/resources.
The No Surprises Act of 2020 is a separate ruling that expands restrictions on charging health care plan holders out-of-network rates for certain services. This is set to go into effect in 2022.