President Trump has signed an executive order he said would make it easier for consumers to get prices for hospital services. What to know:
President Donald Trump on Monday signed an executive order he said would make it easier.
“It’s well intended, but may grossly overestimate the ability of the average patient to decipher this information overload,” said Dan Ward, a vice president at Waystar, aSo, does this new development advance efforts to better arm consumers with pricing information? Some key point to consider:The order directs agencies to develop rules to require hospitals and insurers to provide information “based on negotiated rates” to the public.
“People are sick and tired of hospitals playing these games with prices,” said George Nation, a business professor at Lehigh University who studies hospital contract law. “That’s what’s driving all of this.”
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