Donald Trump Announces Revolutionary Healthcare Transparency Rules
Breitbart, Nov 16, 2019

President Donald Trump announced a new rule requiring hospitals to publish their prices for services publicly, allowing customers to make more informed choices.

“For decades, hospitals, insurance companies, lobbyists, and special interests have hidden prices from consumers so they could drive up costs for you,” Trump said. “And you had no idea what was happening. You’d get bills that were unbelievable and you have no idea why.”

The finalized price transparency rule, implemented in January 2021, requires hospitals to disclose negotiated rates with insurance companies.

The president cited incidents of patients being charged exorbitantly high prices for MRIs and having a baby, even charging outrageous prices for a simple blood test.

“We’re stopping American patients from just getting, pure and simple — two words, very simple words: ripped off,” Trump said. “Because they’ve been ripped off for years. ”

The president also announced a proposed rule requiring insurers to tell patients their expected costs prior to the services.

Trump welcomed Dr. Art Laffer to the White House event to talk about the significance of the new rule.

“This is the biggest revolution I’ve seen in generations,” Laffer said. “As opposed to most revolutions, this revolution saves lives; it doesn’t cost lives.”


More: https://www.breitbart.com/politics/2019/...sparency-rules/

Why do I suspect the insurance lobby just went on red alert?