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U.S. Healthcare Giants violate Federal Pricing transparency Regulations
In a shocking disclosure, big U.S. hospital chains and esteemed academic medical facilities were discovered to be in breach of federal standards.
These organizations, both for-profit and charity, have been punished for failing to adequately disclose their healthcare costs. Among these are HCA Healthcare Inc., the country’s biggest hospital system, as well as Ascension and Trinity Health.
Price Transparency: A Basic Right
Bloomberg News discovered proof demonstrating the scope of the problem. Notable institutions penalized for noncompliance include New York Presbyterian Weill Cornell Medical Center, Emory University Hospital, and the Hospital of the University of Pennsylvania. This non-disclosure practice underlines the underlying issue of complying with federal healthcare price transparency requirements, which were put in place to allow people to compare costs and make educated decisions about their care.
Delaware’s Largest Healthcare Fraud Settlement
Moving beyond the problem of non-disclosure, Christiana Care Health System, Delaware’s largest hospital system, has agreed to pay more than $47 million to resolve whistleblower charges. According to the claims, external doctors were paid bribes in exchange for patient referrals, resulting in fraudulent Medicaid billing. The alleged fraud occurred between April 2011 and September 2013, and again between April 2011 and April 2017.
Despite Christiana Care’s denial of guilt, the payout is considered the biggest False Claims Act settlement in Delaware history. This occurrence increases the prospect of similar lawsuits against other hospitals across the country.
Consumers in the United States Face Challenges
Medical costs present various issues for US consumers. Some of the major difficulties are overbilling, upcoding, and the performance of medically unnecessary tests in order to maintain profit margins. The article also emphasizes the use of artificial intelligence to detect inaccuracies and upcoding in medical invoices. Additional concerns include insurance denials of medical claims, emergency hospital billing methods, and the high cost of prescription medicines. This situation provides a bleak picture of healthcare’s future if current behaviors continue unabated.
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