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Most people agree that making the health care system more transparent is a worthy objective; but the devil remains in the details. "We work in the…

Many surgical procedures proved to be pricier for hospitals in the network.

Kennedy's bill, dubbed the Hospital Transparency Compliance Enforcement Act, would double current penalties on non-compliant hospital.

Health care costs continue to rise, reaching an average of $15,013 per employee in 2022. Employers expect the trend to continue and project a 5.4%…

In 2023, as the convergence of transparency rule deadlines, firmer penalties for non-compliance, and changing consumer behaviors gains traction, these five trends will emerge.

The analysis notes that the reported hospital prices often don't include data on the contracting method and payer class, which hospitals are not mandated to share by the new federal regulations.

It's likely that self-insured employers and health insurance issuers will be required to reveal more data - not less.

Hospital and payer transparency has started to produce actionable changes in the health care delivery system and advisors need to ready their plan sponsor clients for what is to come. The advisors who prepare and plan for this new health insurance landscape will set themselves apart and be in the best position to benefit from these changes.