A new executive order beefs up enforcement of pricing regulations issued during Trump’s first term.
President Donald Trump issued an executive order on price transparency requirements in the health care industry on Feb. 25.
Trump signed the order titled “Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information.” He was accompanied by Health and Human Services Secretary Robert F. Kennedy Jr.
“You’re not allowed to even talk about [prices] when you go into a hospital or see a doctor, and this allows you to talk about it,” Trump said of the executive action.
The order aims to gain greater compliance with a federal regulation issued during Trump’s first administration.
Issued in 2019, the Transparency in Coverage regulation requires group insurers and health plans to make data on their in-network payment rates publicly available in order to increase price competition and reduce prices.
“Unfortunately, progress on price transparency at the Federal level has stalled since the end of my first term,” Trump wrote in this latest executive order.
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“Hospitals and health plans were not adequately held to account when their price transparency data was incomplete or not even posted at all.”
A Feb. 25 report from health policy think-tank