Rick Thornton, aFort Worth health insurance agent, says that despite the Affordable Care Act requiring hospitals to post prices for their services, many are not doing so and causing continued confusion.
Fort Worth health
insurance prices are still a
guessing game at local
Fort Worth health insurance and the people who have it might have to wait a
little while longer until hospitals locally and across the country fall in line with
federal price transparency rules outlined in the Affordable Care Act.
The law requires hospitals to post
prices for their services, but many
aren't doing so - leaving patients
and health insurers in the dark.
Per the article, in November 2019, the previous administration issued regulations
under the law that require hospitals to post the prices of the 300 common services in
a file that can be downloaded from their websites as of January 1.
This includes the gross charge for
service, prices for cash-paying
patients, and negotiated rates with
insurers the hospital accept.
Needless to say, we are halfway through the year, and many
hospitals, including those that accept health insurance in Fort
Worth , aren't acquiescing to the regulation.
Research has proven that over
half of hospitals were not
providing downloadable files or
were noncompliant in other ways.
"In other industries, consumers can see prices ahead of
That gives them choice and
the ability to compare.
But hospitals are resistant to showing their pricing because they do not want to be in that kind
of competitive environment," said Keith Smith, an anesthesiologist and co-founder of the
Surgery Center of Oklahoma who was quoted by Yahoo! Rick Thornton, a Fort Worth health
insurance agent echoed the
A YouGov poll from 2020 found
that 91% of respondents said
hospitals should be required to
post their prices publicly.
66%, per the Yahoo! Article, believe price transparency
would improve healthcare as a whole.
consumers with detailed information
on health insurance with the ability
to purchase health insurance online.
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