President Promotes Price Transparency

In a far-reaching executive order, President Trump directed the U.S. Department of Health and Human Services (HHS) to spearhead a multiagency effort to assist patients in making informed decisions when addressing their health care needs.

The initiative calls for the drafting of a rule requiring hospitals, clinics, doctors, and insurance companies to disclose hitherto closely guarded pricing information and to inform patients of out-of-pocket expenses in advance.