Trump signs executive order to compel disclosure of health-care prices

The Trump Administration took a big step toward giving people more transparency for their hospital costs by signing an Executive Order on June 24, 2019. This new Executive Order should help patients and employers gain the transparency in pricing that Medxoom has been able to give through our proprietary pre-service shopping technology. While there are no immediate changes, this is the next step in the right direction. Medxoom can help now while we await the changes in the laws.

From The Washington Post:

“President Trump signed an executive order on Monday intended to give Americans more information about the cost and quality of health-care services to help them comparison shop before they get care.

The order is pegged to the gathering momentum of the 2020 election in which voters are eager for political leaders to lower what they pay for care. It is based on the idea, in fashion lately with both Republicans and Democrats, that greater transparency in hospital and other health-care prices will lead consumers to make better choices about where to get care and thus will save money.

‘No Americans should be blindsided by bills for medical services they never agreed to in advance,’ the president said in a signing ceremony in the White House’s grand foyer. ‘We are fundamentally changing the nature of the health-care marketplace . . . This is a truly big action. People have no idea how big it is. Some people say bigger than health care itself.‘”

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