Consumers will have to wait to see whether the results live up to the administration's promises. Health care is an industry where consumers don't have access to the kind of information they have when making other purchasing decisions.
According to the White House, at Trump's direction, the Department of Health and Human Services (HHS) will require hospitals to disclose service costs in an "easy-to-read format" and make such information more accessible to patients before they receive their care.
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.
"They could take the top 20 common procedures the hospital does, for example, and put negotiated prices on them", says Nation.
"Support of the Trump administration is undeniably support for white supremacy", Ravelry said. 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. "On the other hand, if it swerves and calls for the publication of health-care pricing data information that may lead to more spending, that's a problem", he said.
"Competition experts, including the bipartisan Federal Trade Commission, agree that disclosing privately negotiated rates will reduce incentives to offer lower rates, creating a floor-not a ceiling-for the prices that hospitals would be willing to accept", Eyles said in the statement released Monday before Trump's announcement.
Sweet Win Over Sweden; U.S
But one particular stat went under the radar as White became just the fourth English woman to score a brace in a World Cup match . But they'd be forgiven if they looked ahead just a little bit. "And you always play to win and to never have that feeling again".
Hospital care cost Americans about $1.1 trillion in 2017, accounting for one-third of all USA medical spending.
The official also said such negotiated rates already are routinely included in explanation-of-benefit notices insurers send customers following a hospitalization.
Patients are often in the dark about those rates until they get a bill. Because Azar got referred to a hospital it cost ten times as much with a $5,500 list price, compared to the $550 it would have cost at a doctor's office.
Health and Human Services Secretary Alex Azar told reporters this morning the idea is to give patients practical information that they can use to help save money.
"This is not some great state secret out there", he said.
It directs the Department of the Treasury to expand consumers' ability to take advantage of health savings accounts (HSAs) and other medical accounts by expanding the range of services for which HSA dollars can be used. "Very risky", the president said. Bernie Sanders, I-Vt., and Democrats' support for single-payer health care calling it "very risky".
Prices paid by private insurers can be many times the amounts paid by Medicare, the government health insurance program for older Americans, research by health economists has found. Employers and patients have complained that such secrecy keeps prices high and makes it harder for employers and individuals to shop for services.