Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
BREAKING NEWS
By Staff Reporters
***
***
WASHINGTON, Feb 25 (Reuters) – U.S. President Donald Trump signed an executive order on Tuesday aiming to improve price transparency on healthcare costs by directing federal agencies to strictly enforce a 2019 order he signed during his first term.
The order directs the Departments of the Treasury, Labor, and Health and Human Services to within 90 days come up with a framework to enforce Trump’s 2019 executive order forcing health insurers and hospitals to disclose healthcare cost details.
***
***
This includes requiring the disclosure of actual prices not estimates, update existing guidance or proposing new regulations that ensure price information is standardized, and updating or issuing enforcement policies that guarantee compliance.
“You’re not allowed to even talk about it when you’re going to a hospital or see a doctor. And this allows you to go out and talk about it,” Trump told reporters as he signed the order. “It’s been unpopular in some circles because people make less money, but it’s great for the patient.”
Cite: https://pubmed.ncbi.nlm.nih.gov/22239329/
More: https://medicalexecutivepost.com/2023/01/19/podcast-sage-transparency-on-hospital-prices/
COMMENTS APPRECIATED
Read, Like and Subscribe
***
***
Share this:
Filed under: "Advisors Only", "Ask-an-Advisor", Accounting, Breaking News, Ethics, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: Department Labor, department treasury, DJT, Executive Order, Health Human Services, HHS, Hospital Price Transparency, Marcinko, price transparency, Reuters, Trump | Leave a comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 