Medical Economics February 27, 2025
Key Takeaways
- The executive order mandates hospitals and insurers to disclose actual prices, enhancing transparency and enabling informed patient decisions.
- Compliance is required within 90 days, with potential savings of $80 billion for consumers, employers, and insurers.
- The American Hospital Association attributes high healthcare costs to insurers and pharmaceutical companies, advocating for broader regulatory measures.
- The initiative aligns with efforts to improve healthcare affordability, access, and quality, supported by organizations like the American Academy of Family Physicians.
“Radical transparency” in prices of health care will help patients with more information and lower costs, according to the administration of President Donald J. Trump.
Executive order says HHS will ‘rapidly enforce’ price disclosures by hospitals, health insurers.
This week, the...
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