Health insurance price transparency rules take effect

The Transparency in Coverage Final Rule, issued by the Centers for Medicare and Medicaid Services, took effect on July 1 after months of implementation delays, according to National Public Radio. Under the new rule, health insurers are required to disclose their pricing for covered services, along with negotiated rates with participating providers and allowed and billed amounts for out-of-network providers. Advocates hope that publicly available pricing will help moderate future healthcare costs.