The most recent executive order President Donald Trump has signed aims at improving price transparency on healthcare costs. He plans to do so by directing federal agencies to enforce a 2019 order he signed during his first term.
The order states that health care providers must disclose “actual prices of items and services, not estimates.”
A recent report from PatientRightsAdvocate.org, a non-profit organization, revealed that only 21.1 percent of the hospitals it reviewed fully complied with the order Trump signed during his first term.
“Hospitals and health plans were not adequately held to account when their price transparency data was incomplete or not even posted at all,” Trump wrote in his executive order. “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.”
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