Trump executive order could force health providers and insurers to open their books on secretive price negotiations
President Donald Trump on Monday will unveil an executive order aimed at helping patients understand their medical costs up front that could force providers and insurers to open their books on secretive price negotiations.
The order also calls for a roadmap for consolidating quality metrics across all federal health care programs, expanding access to health care claims data de-identified to preserve privacy and directs the Treasury Department to expand the availability of health savings accounts to pay for more health care services.
poster="http://v.politico.com/images/1155968404/201904/2415/1155968404_6025280524001_6025286817001-vs.jpg?pubId=1155968404"The trade groups also have said that revealing the process could reduce competition. If the figures were made public, “no doctor or hospital would want to be paid the lowest rate — they would all be motivated to demand higher payments.
As for employers, “we’re interested in knowing more but we’re nervous: Is this going to somehow lead to prices going up?” James Gelfand, health policy senior vice president at The ERISA Industry Committee, said Friday.from Federal Trade Commission staff expressing concern over letting rivals see what is being charged, “which dampens each competitor’s incentive to offer a low price, or increases the likelihood that they can coordinate on higher prices.
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