Statement on Price Transparency for Medical Services and Prescription Drugs

The White House

Today, the Trump Administration finalized the most far-reaching price transparency reform in the history of American healthcare – fulfilling a commitment President Donald J. Trump made to the American people. As a result of today’s action, health insurance companies will finally be required to disclose to the public the price they pay for covered services and prescription drugs. Further, insurance companies will be required to disclose the estimated cost a patient will have to pay, prior to that patient receiving care.

In June of last year, President Trump signed the healthcare transparency Executive Order and promised the American people he would take on the special interests who have kept patients in the dark for generations. Coupled with this Administration’s previous action on hospital price transparency, today’s rule on insurer price transparency follows through on that commitment to give patients unprecedented visibility into their care and how much it costs.

/Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.
Statement on Price Transparency for Medical Services and Prescription Drugs | Mirage News

Statement on Price Transparency for Medical Services and Prescription Drugs

The White House

Today, the Trump Administration finalized the most far-reaching price transparency reform in the history of American healthcare – fulfilling a commitment President Donald J. Trump made to the American people. As a result of today’s action, health insurance companies will finally be required to disclose to the public the price they pay for covered services and prescription drugs. Further, insurance companies will be required to disclose the estimated cost a patient will have to pay, prior to that patient receiving care.

In June of last year, President Trump signed the healthcare transparency Executive Order and promised the American people he would take on the special interests who have kept patients in the dark for generations. Coupled with this Administration’s previous action on hospital price transparency, today’s rule on insurer price transparency follows through on that commitment to give patients unprecedented visibility into their care and how much it costs.

/Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.