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Hospital price transparency. All hospitals would be required to make public the cash and insurance-adjusted costs of at least 300 health care services.
The Veterans' Access to Care through Choice, Accountability, and Transparency Act of 2014 (H.R. 3230; Pub. L. 113–146 (text)), also known as the Veterans Choice Act, is a United States public law that is intended to address the ongoing Veterans Health Administration scandal of 2014.
Healthcare markets are known for a lack of price transparency, which affects the health care prices in the United States. Consumers are unable to make health care decisions based on cost due to a lack of free market , a system in which price transparency is essential. [ 30 ]
Accountability and transparency are of high relevance for non-governmental organisations (NGOs). In view of their responsibilities to stakeholders, including donors, sponsors, programme beneficiaries, staff, states and the public, they are considered to be of even greater importance to them than to commercial undertakings. [ 12 ]
Hospitals will now be required to disclose payer-specific charges for at least 300 shoppable services, 70 of which are mandated in the rule.
A 2020 report by the U.S. Government Accountability Office found that the VA paid an average of 54 percent less per unit on brand-name and generic prescription drugs than Medicare.
These custodians have been defined to include almost all healthcare professionals (including all physicians, nurses, chiropractors, operators of ambulances and operators of nursing homes). In addition to the regulatory bodies of specific healthcare workers, the provincial privacy commissions are central to the protection of patient information.
A 2007 article from The BMJ by Steffie Woolhandler and David Himmelstein strongly argued that the United States' healthcare model delivered inferior care at inflated prices, and further stated: "The poor performance of US health care is directly attributable to reliance on market mechanisms and for-profit firms and should warn other nations ...