Forbes July 12, 2019
The Trump administration is keeping the celebratory fireworks going with big changes in the health care industry. The White House recently announced an executive order taking bold action to increase price transparency and lower health care costs for American consumers.
The order requires federal agencies to move forward in helping inform patients of actual prices ahead of time and release more pricing data to innovators and entrepreneurs so they can develop tools to help patients better navigate the health care system.
In a patient-focused health care system, consumers must know what they’re paying for and how it measures up against the competition. Yet most Americans don’t know the cost of their...