A majority of Americans polled said they couldn’t afford to pay emergency expenses or cover their living expenses for just one month if they lost their primary source of income, according to Bankrate’s latest Annual Emergency Savings Report. The main reason cited is record-high inflation.
The majority surveyed, 68%, said they’re “worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income.”
Many hospitals are not complying with laws requiring them to make their healthcare prices publicly available, according to multiple reports, and the Biden administration has so far refrained from issuing penalties.
The Hospital Price Transparency rule, which went into effect Jan. 1, 2021, is designed to promote competition in healthcare markets by requiring hospitals to post their prices, so that consumers can compare and shop between hospitals. The law mandates hospitals to post their pricing data “as a comprehensive machine-readable file with all items and services” as well as “in a display of shoppable services in a consumer-friendly format.”
However, according to recent reports, many hospitals have yet to comply with the rules a year after they have been in effect. An investigation by The Wall Street Journal last week found that many of the nation’s largest hospital chains were not complying with the new rules.