CHANGE: Trump Administration Requires Hospitals To Post Standard Prices Online.

The Centers for Medicare and Medicaid Services (CMS) will require hospitals to update their online price list annually starting Jan. 1, reported The Hill. Before the new rule, CMS required that hospitals share prices with people who requested them.

CMS said the rule was made to “encourage price transparency,” according to The Hill. Administration officials hope the rule will help patients save money and even “encourage them to shop around,” reported the Washington Examiner.

This could be a game-changer, or at least an important step towards returning some price incentive back to the medical marketplace.