New transparency rules coming to hospitals nationwide Jan. 1

New transparency rules coming to hospitals nationwide Jan. 1

Other times the final bill is nearly never the same as the "sticker price" due to other charges such as insurance, and other discounts or premium charges, before a final charge is determined.

The rule requires every hospital in the U.S.to list online how much services cost, and make the list publicly available to consumers by January 1.

Patients will be able to compare prices online before getting treatment. But the new rule, which was announced in April, requires them to post these prices online in a format that can be downloaded to computers.

Currently, under the affordable care act, hospitals must release public price lists.

Panic as disaster hit region shaken by 5.8 magnitude quake — Indonesia EARTHQUAKE
A 6.1-magnitude quake rocked Papua Barat, eastern Indonesia in the morning of December 28, but no tsunami warning was issued. Indonesia is prone to quake as it lies on a vulnerable quake-affected areas called "the Pacific Ring of Fire".

Richard Overton, America's Oldest Man and WWII Veteran, Dies at 112
Overton's family and friends celebrated his 112th birthday in May by visiting him at his home, KXAN reported. He lived through segregation and saw 21 presidents in the White House during his lifetime.

Pres. Xi, Trump talk trade, exchange New Year's greetings in phone call
The US imposed tariffs on a number of Chinese products, including consumer and industrial items such as handbags and rice. Relations between the world's top two economies are "now in a vital stage", Xinhua quoted Xi as saying.

These changes apply not only to all hospitals, but to rehabilitation facilities, psychiatric hospitals, community, and critical access hospitals as well, according to The Centers for Medicare and Medicaid Services.

Hospitals will be required to update these price lists at least once each year.

Patients concerned about their potential out-of-pocket costs from a hospitalization should still consult with their insurance company.

Likewise, many health care providers already make computerized records available to patients, but starting in 2021 Medicare would base part of a hospital's payments on how good a job they do.

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