Washington Examiner July 8, 2019
In late June, President Trump signed an executive order that aims to make healthcare prices more transparent.
The order calls on the Secretary of Health and Human Services to propose rules that would require hospitals to publicly post standard prices for medical care in an “easy-to-understand, consumer-friendly” format that will “allow patients to compare prices across hospitals.” It also aims to ensure that doctors, hospitals, and insurance companies “provide or facilitate access to information about expected out-of-pocket costs for items or services to patients before they receive care.”
This is a worthwhile effort. When patients can easily access the price of healthcare, costs tend to go down.
Consider the evidence from New Hampshire,...
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