President Donald Trump signed an executive order Tuesday aimed at “making America healthy again,” requiring increased disclosure from healthcare providers and insurance companies, and enforcing an order made during his first term in office.
The goal of the order is to increase transparency in health care pricing.
“For far too long, prices were hidden from patients and employers, with inadequate recourse available to individuals looking to shop for care or obtain pricing information from a healthcare provider in advance of a visit or procedure,” said President Trump.
[RELATED: Senate Confirms Robert F. Kennedy Jr. As Next HHS Secretary…]
The new order reinforces the previous “Improving Price and Quality Transparency in American Healthcare to Put Patients First” from Trump’s first term, which he claims the Biden administration failed to enforce.
“The Biden Administration failed to take sufficient steps to fully enforce my Administration’s requirement that would end the opaque nature of drug prices by ensuring health plans publicly post the true prices they pay for prescription drugs,” said Trump.
The bill instructs the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health and Human Services to ensure that health providers reveal the actual prices of goods and services rather than just price estimates.
American health consumers have long complained that the U.S. health insurance and health care system is overly complex, difficult to navigate, and regularly leaves patients with inexplicably large bills.
The secretaries will also ensure that pricing information is standardized across hospitals and health plans so that consumers can effectively select the plans and hospitals that best fit their needs and budget. They are instructed to issue guidance on increased enforcement measures to ensure healthcare companies comply with the transparency rules.
The president argued that increased transparency could save Americans billions by allowing them to compare costs at hospitals and insurance companies and choose cheaper options.
“One economic analysis from 2023 estimated the impact of these regulations, if fully implemented, could result in as much as $80 billion in healthcare savings for consumers, employers, and insurers by 2025,” said Trump.
He pointed to radically different prices between hospitals in the same region and cited one Michigan man who saved over $1,000 by comparing the cost of a test at two nearby hospitals.
Once the order takes effect, Americans will no longer be burdened inaccurate health care cost estimates that cite one price, only to charge much more on the actual bill, the administration intends.
Employers too can potentially benefit from the order when choosing health care plans, with the additional information necessary to make the best decision for themselves and their employees.
<span class="dsq-postid" data-dsqidentifier="35961 https://www.themainewire.com/?p=35961">8 Comments
Joe Biden thinks like Janet Mills .
The more people know , the less they like us .
They control the media and they control the narrative .
What you hear and what you see is decided by them .
Low information voters are who elected them and who allow them to operate .
Joe Biden is finally gone . Janet Mills is next .
Thank you Maine Wire for telling us what the others won’t .
“…estimated the impact of these regulations, if fully implemented,…80 billion…” Write all the EO’s you want, who is going to police this effort. Please don’t say DOGE.
The medical field is so corrupt. Raping the insurance companies and the government.
I would appreciate a direct relationship between my hard earned ca$h and the
physician’s ‘practice’. Leave all the parasitic middlemen out of the “caring-about-citizen’s-health-care” system. The ‘middlemen’ are not about ‘health’ and not about ‘care’. If the patient does not get well, the physician does not get paid. Fixed it.
who is going to police this effort? The same people who police the price of the10 drugs brandon got discounts for, 10…..1-0.
Democrats sure forgot the same drugs Biden supposedly lowered are the ones Mills wants to tax!
Meanwhile, Northern Light Healthcare continues to build their monopoly in Central Maine. Limiting availability, buying up and closing clinics, limiting network coverage, canceling outside insurance coverage in favor of their own inhouse United Healthcare.
If you want to know why healthcare is suffering, look no further than Northern Light Healthcare!
Jon, here in Southern ME, ME Med, now ME Health, are one of the largest real estate owners in the area. They are ten x larger than Mercy, Northern Light.
They control the entire transplant business in the state and do child mutilation. They are the hospital for illegals.
My aunt went to the ME Med for a heart issue and it was wicked expensive. If she weren’t 80 and on Medicare advantage it would’ve been $80K
I went to Mercy er to have a minor issue taken care of. Just the er fee was over $4K.
Just for being there!
It’s all too much.
I do think all the freebies the state hands out affect costs. Someone pays and right now the state is broke.
DJT is an unregistered foreign agent of mass murdering scum bag je w ville.