Price Transparency: A Boon For Patients, A Bust For Hospitals? [Forbes]
HCA Healthcare, Inc. (HCA)
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Source: Forbes
Fat Joe, perhaps most well-known for questioning, “What's Luv?” in his 2001 summer smash, is embracing a new role nowadays: healthcare price transparency influencer. The rapper was in Washington, D.C., in April, 2023 as part of his ongoing advocacy work, speaking to policymakers and patients about better price transparency compliance and enforcement. Part of what's driving Fat Joe's mission? Wanting to improve health equity and address disparities, with a wealth of data showing just how deep the divide is. Research from Yale and Stanford reveals the rise of recent medical debt lawsuits disproportionately affects Black and lower-income patients, where a 2021 U.S. Census Bureau survey found that Black and Hispanic populations were more likely to hold medical debt than their white and non-Hispanic household counterparts. Another part of Fat Joe's mission is wanting to ensure the mandates are effective. And herein lie the problems. Under the Centers for Medicare & Medicaid Servic
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