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Trump signs executive order calling for the mandatory disclosure of hospital costs

nearvideo President Trump signs executive order on healthcare

President Trump on Monday under an executive order signed by the demanding pre-disclosure by hospitals, the actual prices for common tests and procedures.

Trump’s order also requires that patients be told in advance what to keep your out-of-pocket costs, such as self and copays for many procedures.

To put “this pioneering initiative continues our work to American patients, the first” Trump said in the White house. “We are fundamentally changing the nature of the health care market.”

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Health and Human Services Secretary Alex Azar told reporters, before Trump’s remark that the idea is to provide the patient with practical information that you can use to save money. For example, if a hospital your insurer loads of 3,500 $for a type of echocardiogram and the same test costs $550, which can go into a doctor’s office, you to save for the lower price of procedure and copays.

The Executive order calls for a rule-making process of federal agencies, which is usually months or even years. The details of what information will be disclosed to and how it will be, provided to patients must be developed as part of the letter of the rules. Where a complex give-and-take with hospitals, insurers and other interested parties. The consumer must wait to see whether the results, promises to live up to the administration.

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Lack of information about the health prices is a widespread problem . It is confusing for the patients, and experts say it is also one of the most important factors that push up U.S. costs. The same test or procedure in the same city, after the cost very different amounts, depending on who is performing and who is paying the bill. Hospital list prices, which are available, do not reflect what they actually get paid by insurance companies and government programs.

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The health insurance industry, said the disclosure of negotiated prices will only encourage hospitals are now trying to deeper discounts to their prices, the top-tier institutions to increase accordingly. “The public competitive proprietary negotiated tariffs reduce competition and falling prices higher — not lower — for consumers, patients and taxpayers,” Matt Eyles, head of the industry group America’s Health Insurance plans, said in a statement.

While the prices Medicare pays available to the public, the private insurers ‘ negotiated rates in the rule. Industry officials say that such contractual information is parables synonymous with business secrets and should remain private.

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Azar pushed back against the argument, saying the insurers are doing, ultimately, their payment to reveal rates, if you are sending individual patients “explanation of benefits.” This is the technical term for the form that will receive the patient after a procedure or seen the doctor.

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The President used his remarks to plan shots at former President Barack Obama’s Affordable Care Act, and 2020 presidential candidate, Bernie Sanders, and his “Medicare for all”. Sanders’ plan would replace job-based and individual private health insurance a government-run plan that guarantees coverage for all with no premiums, deductibles and minimal copays for certain services.

“The Democrats in Congress, Bernie Sanders’ socialist takedown of American health care,” Trump support said. “Under my administration, we will not allow it.”

The Associated Press contributed to this report.

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