According to the Kaiser Family Foundation, Americans owe at least $220 billion in medical debt. KFF also reports at least 14,000,000 people owe more than $1,000, while 3 million people owe more than $10,000.
To help consumers find competitive pricing for their healthcare, former President Donald Trump issued an executive order in 2019 for a Hospital Price Transparency Rule. The rule took effect on January 1, 2021, and requires hospitals to publicly make pricing information available. Many have chosen to post the information on their websites.
The Centers for Medicare & Medicaid Services (CMS) oversee the implementation of the price transparency rule.
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