OAN press room
UPDATED 7:30 PM PT – Friday, November 15, 2019
President Trump is fulfilling his promise to make healthcare costs extra clear to Individuals. On Friday, the Trump administration unveiled new guidelines to demand higher disclosure of healthcare costs, in a motion to advertise competitors and cut back prices.
"We’re presenting a proposed rule to require medical insurance suppliers to reveal their pricing info to shoppers," stated President Trump. "We’re giving American households management of their well being care choices and the liberty to decide on that care."
A regulation would require hospitals to supply an internet web page itemizing the costs of widespread procedures, reminiscent of laboratory assessments. The second would require insurers to supply an internet software the place folks can examine their out-of-pocket prices with totally different medical suppliers upfront.
Authorities stated the principles would make clear the complicated course of and permit sufferers to seek out high quality companies on the lowest prices.
"We’re stopping American sufferers from merely being scammed, pure and easy," the president stated. "They’ve been scammed for years."
The disclosure necessities for hospitals wouldn’t take impact till 2021; For insurers, the timing just isn’t clear. Authorities stated well being care corporations are anticipated to sue to dam the coverage.