{"id":22694,"date":"2025-02-26T00:28:36","date_gmt":"2025-02-26T00:28:36","guid":{"rendered":"https:\/\/usdailys.com\/?p=22694"},"modified":"2025-02-26T00:28:36","modified_gmt":"2025-02-26T00:28:36","slug":"trump-signs-bombshell-executive-order-set-to-turn-american-healthcare-on-its-head","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=22694","title":{"rendered":"Trump signs bombshell executive order set to turn American healthcare on its head"},"content":{"rendered":"

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President\u00a0Donald Trump<\/a><\/span>\u00a0has signed an executive order aiming to make healthcare costs more transparent for patients.<\/p>\n

The ruling directs regulators to force healthcare providers and insurers to publicly disclose their prices, the idea being to make it easier for consumers to shop around for better deals.<\/p>\n

The move marks a more aggressive approach to boost compliance with regulations Trump introduced in 2019, which providers have only half-heartedly been following.<\/p>\n

Trump has long advocated for insurers to tell consumers up front the actual prices for common tests and procedures, believing it will drive down costs.<\/p>\n

Healthcare prices have traditionally been veiled in secrecy, determined through private negotiations among doctors, hospitals, pharmaceutical companies, and insurers.<\/p>\n

Those involved have fiercely guarded these figures, arguing confidentiality is essential to the bargaining process.<\/p>\n

Andrew Bremberg, former assistant to Trump and director of the Domestic Policy Council at the Trump\u00a0White House<\/a><\/span>, said in a statement: ‘This price transparency executive order is a major statement from President Trump. Healthcare price transparency will help millions of Americans and will be a cornerstone in President Trump’s healthcare legacy.’<\/p>\n

However, insurance industry groups have argued regulations would have the opposite effect on costs and actually raise premiums.<\/p>\n

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President Donald Trump has signed an executive order aiming to impose price transparency on healthcare costs<\/p>\n

Hospital groups claimed during Trump’s last presidency that declaring prices for every item and service they offer violated their First Amendment rights.<\/p>\n

They claimed the policy would strip them of negotiating power to haggle prices with insurers. Despite the\u00a0backlash he faced in the past<\/a><\/span>, Trump pushed through with the order.<\/p>\n

Trump\u2019s first-term executive order (EO) for more price disclosure had limited success, with just\u00a014 percent of hospitals were fully adhering to rules to publicly post their prices in 2022.<\/p>\n

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According to the White House, the newest order directs the departments of Treasury and Labor, as well as Health and Human Services to ‘rapidly implement and enforce the Trump healthcare price transparency, which were slow walked by the prior administration.’<\/p>\n

This includes working to ensure hospitals and insurers disclose actual prices, not just estimates, and taking action to make prices more comparable across different hospitals and insurance companies.<\/p>\n

The order also directs the departments to update their enforcement policies to make sure the entities are complying with the requirements.<\/p>\n

Trump’s 2019 order imposed a $300-a-day finem but that didn’t financially incentivize hospitals to follow the EO rules.<\/p>\n

Cynthia Fisher, the founder and chairman of PatientRightsAdvocate.org, said in a statement: ‘Real prices will forever transform the American healthcare system. Price transparency unleashes competition and shifts the power to the true purchasers of care \u2014 patients, employers, and taxpayers \u2014 allowing them to lower their costs and be protected from overcharges.<\/p>\n

‘Why would anyone pay $3,000 for an MRI when they could get the same quality for $300? Likewise, no patient would agree to pay a $12,000 colonoscopy bill when the fair market price is around $1,000.’<\/p>\n