Trump’s transparency order could ‘backfire and drive prices up if not coupled with quality data for consumers,’ expert says

Healthcare Finance News July 3, 2019
Jeff Lagasse, Associate Editor

Some industry experts are guardedly optimistic about the order’s intended effects, but opinions are mixed, and concerns vary.

It’s been over a week since President Trump signed an executive order mandating hospitals to give patients prices for services based on their negotiated rates with insurers — enough time for industry experts to digest the news and analyze its ramifications for consumers and the healthcare system.

As with many political issues, opinions on the executive order are mixed. Provider and payer groups are generally against the order, claiming it could have the unintended effect of raising prices. Others, such as AARP, said it supported the efforts to create transparency and lower healthcare costs.

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