The bill’s sponsors, Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.), who are both members of the Senate Finance Committee, are betting improved transparency will discourage fraud and waste from Medicare claims and promote better price competition. “Sunlight is among the strongest disinfectants,” Sen. Wyden said.
If passed, the law would require HHS to establish a searchable Medicare payment database with free access to the public.
More Articles on Medicare and Price Transparency:
State Websites Don’t Share Most Useful Healthcare Prices, Study Says
AMA Rates Health Insurers on Timeliness, Accuracy
Hospitals, Insurers Devote More Attention to the Cost of Cancer Care
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