President Donald Trump speaks to the media before departing the White House en route West Virginia in Washington, July 24, 2019.
Mary F. Calvert | Reuters
The proposed rule, announced Monday, would apply to the roughly 6,000 hospitals that accept Medicare , Hospitals could be fined up to $ 300 a day if the standard and negotiated prices for services are not posted online. Hospitals that fail to comply could be fined up to $ 300 a day.
Starting this year, the administration required. That does not reflect anyone's pay with insurance. The proposed rule would also pay for the various insurance plans.
Centers for Medicare & Medicaid Services Administrator Seema Verma said on a call with reporters.
The public comment will be open until the end of September. If finalized, the rule would take effect in January.
President Donald Trump has made lowering health-care costs one of his key priorities. Hospitals and insurers are sure to fight the proposed rule. These companies have already criticized Trump's executive orders and services to discredit patients for services.
But the administration argues forcing companies to disclose the negotiated rates. Consumers might consider for example, X-rays or lab tests.
However, people tend not to shop around for health care like they would for other services. Verma said the administration does not expect the proposed rule to change much when it comes to emergency services. Consumers as patients for acute services.
"For certain types of services, MRIs, certain scheduled services, people can shop around," Verma said.
The administration is also looking for information on what other information would be useful to consumers, as well as the mediated negotiated rates for various health services, Verma said.
In a separate proposed rule, Monday, CMS said it would end up receiving higher-end renal disease benefits if they use "new and innovative equipment and supplies."
Trump earlier this month signed an executive order to encourage more kidney transplants and at-home dialysis treatments. About 30 million U.S. adults are estimated to have chronic kidney disease and are not diagnosed, according to Centers for Disease Control and Prevention. Treating the disease Medicare more than $ 1
-CNBC's Berkeley Lovelace Jr. contributed to this report