They can’t hide your healthcare prices any longer
While Democrats in Congress are busy doing anything they can not to help working Americans under this President, the Trump Administration unveiled a pair of new rules on Friday that will make healthcare prices simpler and clearer than ever before.
“We’re requiring price transparency in healthcare, forcing companies to compete for your business,” President Trump said from the White House. “Our goal was to give patients the knowledge they need about the real price of healthcare services.”
What does that mean for patients? “They’ll be able to check them, compare them, go to different locations—so they can shop for the highest-quality care at the lowest cost.”
The first rule compels hospitals to finally publish their prices online for all to see. For years, these prices were often all but impossible to find, leaving Americans with nasty surprise bills after a medical visit. Now, families will be able to see and compare all of these costs beforehand with the new, easy-to-read formats that will soon be available.
The next rule, newly proposed, will require health insurance providers and group health plans to give cost estimates to enrollees before care is delivered. Like it’s doing with hospitals, the Trump Administration wants to push these companies to make lists of all their pricing information available to the public.
Together, these actions represent the most aggressive steps taken by any President to put healthcare price information in the hands of patients. That’s important not just for honesty and fairness; transparent prices also lead to lower healthcare costs overall.
Powerful interest groups spent years trying to keep these rules from happening. By making the true price and quality of care a closely guarded secret, the industry giants controlled the markets—and your healthcare dollars. When President Trump came to Washington, he promised to do things differently than Beltway career insiders have done for years. “We’re taking on the bureaucrats in more ways than one,” he said Friday.
“Trump's team delivers a big win for patients by making health costs clearer.”
MORE: Trump Administration makes health care in rural areas a priority |
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