President Trump's new executive order aims to enforce radical healthcare price transparency, building upon his first-term regulations that require hospitals to disclose actual care prices. Currently, only 21.1% of hospitals comply with these rules, which have been poorly enforced by the Biden administration. The new order intends to increase compliance and ensure that patients can access real prices, promoting competitive shopping in healthcare, where costs can drastically vary for the same service. This move asserts the need for transparency in healthcare finances.
"Trump's new order increases enforcement to boost compliance and requires actual prices - not estimates - so patients can shop with financial certainty."
"Health care is the only economic sector where consumers cannot see real prices before they buy, and thus prices for the same care can range by 10 times, even at the same hospital."
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