In new Executive orderPresident Trump reaffirmed his commitment to one of his favorite health care policies in his first term: pushing him to make paid prices for medical services more transparent.
Mr. Trump signed the matter on Tuesday afternoon. After years of non -penis compliance with hospitals and insurance companies that have previous policies, Mr. Trump refers to a more aggressive approach to imposing rules and making pricing data accessible to patients.
Historically, health care prices were shrouded in, and they were negotiated separately between doctors, hospitals, pharmaceutical companies and insurance companies that pay their bills. The parties in these negotiations fought strongly to maintain these numbers outside the general view, saying that secrecy is the key to the bargaining process. Economy literature – which has relied heavily on studying the prices of Danish concrete in the 1990s – indicates that it is publicly that it can have already opposite results, by increasing health care prices.
But with two main bases issued jointly by the health and humanitarian services departments, the treasury and work during his first term, Mr. Trump tried to force the industry to become more transparent. One of the rules requires hospitals to spread the prices they have made to the various insurance companies for a group of common services. last Insurance companies required to publish a more comprehensive list of prices they negotiated with various healthcare providers.
The compliance of the industry was running, slow and broad. After the rules became final in 2021, many hospitals simply refused to spread the required lists. Others tried to make their price information be difficult to find. Wall Street Magazine I mentioned Many of them have introduced a symbol in their web pages in the inclusion of prices that made the pages impossible to find using an online search engine.
However, the condition provided new information to researchers, employers and some patients about the nature of health care prices – and their wide and dirty variations often. This policy has not yet been handed over to one of Mr. Trump’s main promises from his last term, the transparency of prices will lead to a significant decrease in health care costs. Health care prices continued to rise.
The new executive command is carrying out the HHS tasks, the work cabinet and employment, while considering new ways to expand the scope of current initiatives, but it does not call for a lot in the way of a new specific policy. Any new transparent initiative that requires organizational procedures or legislation, or both. But the signing of the new system indicates that Mr. Trump did not forget this priority, which I often referred to in his first term as “greater than the same health care.”