Why is the healthcare industry claiming pricing models as trade secret information?

New initiatives by the federal government aim at making the healthcare industry’s pricing models more transparent.  However, healthcare providers and hospitals have pushed back against such efforts arguing that:

• such pricing information qualifies as trade secrets;

• publication of prices would put unnecessary hardship on healthcare providers and hospitals;

• such rules will not have the intended effect of saving money for patients; and

• such requirements may ultimately make health care services more expensive in the long run.

Read about how healthcare and pharmaceutical companies are pushing back on pricing disclosures.