Massachusetts Attorney General Martha Coakley is circulating a proposal to regulate hospitals and physicians and the rates they receive to provide care, according to a Boston Globe report.
According to the report, AG Coakley's staff has drafted legislation on the plan to contain healthcare spending. Under the new plan, providers and insurers would have to provide price information to patients before they undergo a test or treatment. The Division of Insurance and Department of Public Health would then have the power to limit the prices and market power of providers.
For the past two years, AG Coakley's staff has found wide disparities in the prices paid to providers that are not based on quality, but on market clout.
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According to the report, AG Coakley's staff has drafted legislation on the plan to contain healthcare spending. Under the new plan, providers and insurers would have to provide price information to patients before they undergo a test or treatment. The Division of Insurance and Department of Public Health would then have the power to limit the prices and market power of providers.
For the past two years, AG Coakley's staff has found wide disparities in the prices paid to providers that are not based on quality, but on market clout.
Related Articles on Coding, Billing and Collections:
California Pushes Forward With Health Insurance Exchange
Blue Cross Sues Nebraska Over Improper Lobbying During Health Plan Switch
Fewer Physician Visits Reported in 2011