President Donald J. Trump Announces Actions to Make Healthcare Prices Transparent
The White House, February 25, 2025
EMPOWERING PATIENTS THROUGH RADICAL PRICE TRANSPARENCY: Today, President Donald J. Trump signed an Executive Order to empower patients with clear, accurate, and actionable healthcare pricing information.
The
order directs the Departments of the Treasury, Labor, and Health and Human
Services to rapidly implement and enforce the Trump healthcare price
transparency regulations, which were slow walked by the prior administration.
The departments will ensure hospitals and insurers disclose actual prices, not estimates, and take action to make prices comparable across hospitals and insurers, including prescription drug prices. The departments will update their enforcement policies to ensure hospitals and insurers are in compliance with requirements to make prices transparent.
LOWERING
COSTS FOR AMERICAN FAMILIES: When healthcare prices are hidden,
large corporate entities like hospitals and insurance companies benefit at the
expense of American patients. Price transparency will lower healthcare prices
and help patients and employers get the best deal on healthcare.
· Prices vary widely from
hospital to hospital in the same region. One patient in Wisconsin saved $1,095
by shopping for two tests between two hospitals located within 30 minutes of
one another.
· One economic analysis
found that President Trump’s original price transparency rules, if fully
implemented, could deliver savings of $80 billion for consumers, employers, and
insurers by 2025.
· Employers can lower
their healthcare costs by an average of 27% on 500 common services by better
shopping for care.
· The Biden Administration was sued in 2023 for not enforcing the prescription drug transparency requirements. The Trump Administration will work to hold health plans accountable for making drug prices transparent.
DELIVERING
ON PROMISES TO PUT AMERICAN PATIENTS FIRST: President Trump is
delivering on his promise to once again put American patients first by holding
the healthcare industrial complex accountable for delivering transparent
prices.
· In his first
Administration, President Trump took historic action by mandating that
hospitals and insurers make prices public.
· While the prior
Administration failed to prioritize further implementation and enforcement of
these requirements, President Trump is delivering on his promises to make the
healthcare system more affordable and easier to navigate for patients.
· American patients are
fed up with the status quo – 95% deem healthcare price transparency an
important priority, with six in ten saying it should be a top priority of the
government.
· President Trump has long pushed for radical price transparency to ensure the healthcare system puts American patients first:
President Trump: “Our goal was to give patients the knowledge they need about the real price of healthcare services. They’ll be able to check them, compare them, go to different locations, so they can shop for the highest-quality care at the lowest cost. And this is about high-quality care. You’re also looking at that. You’re looking at comparisons between talents, which is very important. And then, you’re also looking at cost. And, in some cases, you get the best doctor for the lowest cost. That’s a good thing.”
Comments
Patients
need to take control of their own “preventive” program. They can avoid becoming
obese and avoid Diabetes II.
They
can schedule annual physical exams and get their bloodwork to tell them what
vitamins and minerals are lacking.
They can read up on Nutrition and change their Diets. They can be more careful to avoid injuries. Healthcare is now unaffordable.
In 2025, expect a 7% rise in average private health insurance premiums, reaching $7,452 per year or $621 per month,
In 2025, U.S. healthcare spending is projected to reach $5.3 trillion, with an average cost of $16,000 per employee for employer-sponsored health care coverage, reflecting an 8% to 9% increase from 2024.
Norb Leahy, Dunwoody GA Tea Party Leader
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