FTC Urges US Hospitals on Pricing Data
The US Federal Trade Commission warned major healthcare companies of their legal duty to provide transparent pricing information to patients. The agency noted that failing to share prompt and accurate data can be considered an unfair or deceptive practice.
The United States Federal Trade Commission sent warning letters to 24 large healthcare services companies on Monday afternoon regarding price transparency obligations. Withholding clear pricing data from patients constitutes an unfair or deceptive practice under federal law. The regulatory action aims to enforce compliance across major hospital networks.
