Hospitals Are Now Required To Post Costs Online, But Most Haven't

The video discusses the importance of being an educated consumer in healthcare, highlighting Robert Smith's experience with varying colonoscopy costs due to different hospital pricing and insurance negotiations. It explains the hospital price transparency rule implemented by CMS in 2021, which mandates hospitals to publish their prices online. Despite this, compliance is low, with only 16% of hospitals fully adhering to the rule. The video emphasizes the need for patient empowerment and advocacy to drive transparency and competitive pricing in healthcare.

What steps have been taken by the Centers for Medicare and Medicaid Services regarding hospital price transparency?

Why is it important for patients to be educated consumers in the healthcare system?