There’s been a lot of hype over this bill. But is all the enthusiasm warranted?
U.S, Senate Bill To the Public Health Service Act to provide for expanded hospital and insurer price transparency will probably pass but will it have it’s entended effect? We think its not so likely as evidencd by past history in which most hospitals simply choose to ignore the law and pay the fines.
The monetary penalty for non-compliance will be just another fixed cost hospitals will pass on to consumers. EXAMPLE: Annual penalty for a 100 bed hospital is $365,000 which can be easily recouped in one hospital admission governed/paid under a traditional managed care contract.
