PRA Praises Transparency in Coverage Rule, Including Requirement for Executive Attestation

Today, Cynthia Fisher, Founder and Chairman of PatientRightsAdvocate.org, released the following statement in support of the Department of Health and Human Services' Transparency in Coverage Final Rule.

“The Trump administration today took a transformative step to lower health care costs, stop overcharges, and hold insurers and hospitals accountable. The Transparency in Coverage final rule’s added requirement of executive attestation that published prices and other information are true, accurate, and complete as of the date in the machine-readable file is a breakthrough for compliance. Real price transparency means patients can shop for better care at lower prices and employers can demand a better deal. With insurers pushing health coverage costs up three to four times faster than inflation, transparency gives CEOs and CFOs the power to audit their health care spending, re-negotiate for lower rates and better plan design, and hold the insurance industry accountable. Truth in pricing means billing integrity, more competition, and lower costs for the 180 million Americans covered by group health plans.”

View a portion of Secretary Kennedy’s remarks below: