President Trump's recent order aims to enhance healthcare price transparency, mandating hospitals and insurers to disclose negotiated prices. This initiative follows a 2019 order which was praised as a bold move but ultimately underdelivered, resulting in complex data that confuses consumers. Despite efforts from advocacy groups and some legislative attempts, achieving meaningful price transparency has proven difficult over the past years. The Biden administration has also faced criticism for lack of rigorous enforcement in this area, leaving consumers still struggling to navigate healthcare costs effectively.
Consumers find it only partially useful, and the quality of the information is spotty.
The 2019 order was 'pretty bold,' said Gary Claxton, a senior vice president at KFF, a health information nonprofit.
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