WASHINGTON – FAH President and CEO Chip Kahn released the following statement in response to the release of the administration's final regulation on hospital price transparency:
“Patients should have readily available and easy-to-understand cost-sharing information when they need to make health care decisions. Health care price transparency ought to be defined by the right information at the right time.
“This final regulation on hospital transparency fails to meet the definition of price transparency useful for patients. Instead, it will only result in patient overload of useless information while distorting the competitive market for purchasing hospital care.
“Beyond these patient concerns, the fact is that this regulation exceeds the administration’s authority, and we plan on joining with hospitals to file a legal challenge.”
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