Obamacare Created a Market for Junk Insurance

Trump signs an executive order making the "miscellaneous" visible on EOBs. Everything item will have a price. No longer will hospitals be able to bury exaggerated priced items. This is a big blow to the Hospitals, and huge uplift to the policyholders

This transparency bill is a great step. However, the maximum fine is $300 per day. It would cost a hospital millions to comply, and only $300 per day to not comply.

From the final propsed rule:
We proposed that we may impose a CMP upon a hospital for a violation of each requirement of proposed 45 CFR part 180. The maximum daily dollar amount for a CMP to which a hospital may be subject would be $300. We proposed that even if a hospital is in violation of multiple discrete requirements of proposed 45 CFR part 180, the maximum total sum that a single hospital may be assessed per day is $300.

Page 249 of the pdf - https://www.hhs.gov/sites/default/files/cms-1717-f2.pdf
 

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