The Transparency in Coverage proposed rule from the U.S. Departments of Treasury, Labor, and Health and Human Services aims to make healthcare pricing less opaque. Health plans commonly come with cost-sharing requirements, and these cost-sharing levels have increased over time. Most healthcare providers do not prominently list, post, or publish the prices for their services.
In this paper, Milliman consultant Daniel Perlman explains more about the Transparency in Coverage proposed rule and its potential implications for the industry. He also presents some examples of how price transparency works outside of healthcare in markets that share some common features with the healthcare market.