Transparency Rule Mandates Employers Provide Internet Based Cost Information

SOURCE: HR Policy Association

“The final rule requires employers to have their third-party administrators publicly disclose detailed health care pricing data. It also mandates that employers make available to health plan participants an internet-based self-service tool that provides price and personalized out-of-pocket cost information.

The cost of these disclosure requirements will likely be passed onto employers, but the historic increase in transparency … will enable large employers to substantially improve value-based care and better control health care spending in the long run.”

New HHS Transparency Rule Creates Historic Opportunities for Employers to Control Health Care Costs