Trump's Executive Order Boosts Healthcare Price Transparency for Patients
whitehouse.gov
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Contributed by: Bill Russell
Summary
President Donald J. Trump has issued an Executive Order to enhance healthcare price transparency, requiring the Departments of the Treasury, Labor, and Health and Human Services to enforce regulations that compel hospitals and insurers to disclose actual prices. This initiative seeks to provide patients with clear pricing information, enabling them to make informed healthcare decisions and potentially lower costs, with projections suggesting savings of up to $80 billion by 2025. The administration also aims to hold health plans accountable for transparency in prescription drug pricing, continuing its focus on consumer empowerment in healthcare.
