RealClearHealth July 5, 2024
One rare point of agreement between President Biden and Donald Trump is the importance of healthcare price transparency. This issue transcends partisanship. Actual, upfront prices can reverse the runaway costs of care, coverage, and prescription drugs and usher in a functional healthcare market.
Price transparency has been supported by the last three presidents. The Trump Administration put into action the rights provided by law in President Obama’s Affordable Care Act to know all actual hospital prices and insurance company negotiated rates systemwide. Biden kept the Trump transparency rules and even raised the fines because hospitals were not complying.
The winner on Election Day now has the opportunity to significantly lower healthcare costs by meaningfully implementing transparency, which can...
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