By HealthDay News, HealthDay Reporter
New Rule Requires Health Plans to Disclose Costs Up Front
To make health care costs more transparent, the Trump administration will now require insurance companies to disclose actual prices for common tests and procedures, the Associated Press reported Thursday.
The new regulations on insurers are designed to empower patients to become better consumers of health care and to help cut costs. The requirements, however, would take effect over four years and patients will have to figure out how to make cost-versus-quality decisions about procedures like knee replacements or hernia repairs, the AP reported.