Trump Administration Pushes To Make Health Care Pricing More Transparent
5 years, 6 months ago

Trump Administration Pushes To Make Health Care Pricing More Transparent

NPR  

Trump Administration Pushes To Make Health Care Pricing More Transparent Enlarge this image toggle caption Carolyn Kaster/AP Carolyn Kaster/AP Updated 4:03 p.m. President Trump signed an executive order Monday on price transparency in health care that aims to lower rising health care costs by showing prices to patients. Sponsor Message "The president knows the best way to lower costs in health care is to put patients in control by increasing choice and competition," HHS Secretary Alex Azar said at a phone briefing for reporters Monday morning. The new rule should also "require health care providers and insurers to provide patients with information about the out-of-pocket costs they'll face before they receive health care services," he added. "Publicly disclosing competitively negotiated, proprietary rates will reduce competition and push prices higher — not lower — for consumers, patients, and taxpayers," said Matt Eyles, CEO of America's Health Insurance Plans in a statement.

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