President Donald Trump will sign an executive order Monday that calls for upfront disclosure by hospitals of actual prices for common tests and procedures to keep costs down , administration officials said
WASHINGTON — .
Trump's order will also require that patients be told ahead of time what their out-of-pocket costs like deductibles and copays will be for many procedures. It"will put patients in charge and address the drivers of high health care costs...increasing choice and competition," Azar said. 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.
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