Trump Signs Executive Order Calling For Upfront Disclosure Of Hospital Costs

President Trump on Monday signed an executive order demanding the upfront disclosure by hospitals of the actual prices for common tests and procedures.

Trump’s order also requires that patients be told ahead of time what their out-of-pocket costs like deductibles and copays will be for many procedures.

“This landmark initiative continues our work to put American patients first,” Trump said during remarks at the White House before signing the order. “We are fundamentally changing the nature of the health care marketplace.”

Health and Human Services Secretary Alex Azar told reporters before Trump’s remarks that the idea is to give patients practical information that they can use to help save money. For example, if a hospital charges your insurer $3,500 for a type of echocardiogram and the same test costs $550 in a doctor’s office, you might go for the lower-price procedure to save on copays.

The executive order calls for a rule-making process by federal agencies, which typically takes months or even years. The details of what information will have to be disclosed and how it will be made available to patients must be worked out as part of writing the regulations. That will involve a complex give-and-take with hospitals, insurers and others affected. Consumers will have to wait to see whether the results live up to the administration’s promises.

Dr. Phil Speaks Out Against Anti-Christian Persecution

Here’s Why Judge Blocked Blue State’s Gun Ban

Lindsey Graham, South Carolina senator who rose from small-town roots to GOP power broker, dies at 71

CIA’s Counter Espionage Department Investigated Unvaccinated Employees, Lawsuit Alleges

Florida Attorney General Calls to Impeach Judge Who Acquitted Murderous Mother

‘America and the world have lost a determined leader’: Tributes pour in after Sen Lindsey Graham’s death

NYC to move 110 single homeless men to quiet Brooklyn neighborhood, leaving locals worried: report

JonBenet Ramsey mystery reignited by lab scandal that adds pressure to unleash DNA help dad is ‘begging’ for

Platner aide hit with brutal timeline check after campaign denied rape claim, then folded days later

EXCLUSIVE: Former ‘Apprentice’ star picked by Trump to showcase America’s 250th anniversary through art

The RNC wants a massive Trump celebration. Some worry ordinary Republicans can’t afford to attend

BREAKING: GOP Sen. Lindsey Graham Dead at 71

Sen. Lindsey Graham dead at 71 after ‘brief and sudden’ illness, office says

Fox News Campus Radicals Newsletter: Alleged K-12 fraud, one school’s battle with Newsom and a win in Florida

‘Die Hard’ actor Robert Davi blasts Mamdani after NYC map omits Little Italy

Lack of information on health care prices is a widespread problem . It’s confusing for patients, and experts say it’s also one of the major factors that push up U.S. costs. The same test or procedure, in the same city, can cost widely different amounts depending on who is performing it and who is paying the bill. Hospital list prices, which are available, don’t reflect what they actually get paid by insurers and government programs.

The health insurance industry said disclosing negotiated prices will only encourage hospitals that are now providing deeper discounts to try to raise their rates to match the top-tier facilities. “Publicly disclosing competitively negotiated proprietary rates will reduce competition and push prices higher — not lower — for consumers, patients, and taxpayers,” Matt Eyles, head of the industry group America’s Health Insurance Plans, said in a statement.

While the prices Medicare pays are publicly available, private insurers’ negotiated rates generally are not. Industry officials say such contractual information is tantamount to trade secrets and should remain private.

Azar pushed back against that argument, saying insurers do ultimately disclose their payment rates when they send individual patients an “explanation of benefits.” That’s the technical term for the form that patients get after they’ve had a procedure or seen the doctor.