Wisconsin’s Health Care Transparency law, which took effect Jan. 1., is providing little information consumers want to know, such as specific prices health plans or patients will have to pay for specific medical procedures, according to a Milwaukee Journal Sentinel report.
The law intended to make the healthcare in the state more efficient by encouraging competition and using market forces. It requires physicians and hospitals to provide price information on request. However, these prices rarely have any relation to what consumers or health plans have to pay. Rather, these numbers represent the equivalent of a manufacturer’s suggested retail price. Prices negotiated by health plans and health systems are confidential, making price information difficult for consumers to access.
“The most tangible result of the law may be the additional paperwork for physician practices,” according to the report.
Read the Milwaukee Journal Sentinel report on Wisconsin’s Health Care Transparency law.
Read more about healthcare in Wisconsin:
– Wisconsin’s Agnesian HealthCare, Ripon Medical Center Sign Letter of Intent
– Wisconsin’s Lakeview Medical Center Opens New Facility
– Wisconsin’s ProHealth Care Announces Executive Leadership Changes
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
