Lexology July 1, 2019
Background
As healthcare reform continues to be a dividing issue in Washington, both sides seem to agree on at least one element: price transparency. Trump’s executive order was issued on Monday (June 24, 2019). It is part of a bipartisan effort in Congress to lower healthcare prices and improve price transparency for patients. However, the executive order has a specific focus which has not in the past been the target of healthcare price reform: transparency in the negotiated rates between hospitals and insurance companies.
The executive order aims to help patients compare prices for “shoppable” healthcare services, which are those that are offered commonly and by multiple providers. It also intends to protect patients from “surprise billing,” which is when...
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