[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Fr
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President Donald Trump on Friday is about to carry a briefing on his administration’s new rule that may power hospitals to disclose the discounted prices they negotiate with insurers.
The rule, set to be enacted in 2021, is prone to face authorized challenges. It is going to require hospitals to submit their normal fees for providers, together with the negotiated charges with insurers and the discounted value a hospital would settle for immediately from a affected person paid in money. Hospitals may also must publish the identical info for not less than 300 “shoppable providers,” equivalent to X-rays or lab exams.
The federal rule begins a “new period” in value transparency in well being care, Well being and Human Providers Secretary Alex Azar advised reporters on a name Friday. “This shadowy system has to alter. The affected person must be in management.”
Trump’s plan comes as well being care stays a high difficulty for voters forward of the 2020 presidential election. Trump and Congress are additionally attempting to move laws earlier than the tip of the yr that may carry extra transparency to health-care prices and, in the end, decrease prices for customers.
In October, Trump issued an executive order meant to bolster Medicare Benefit, non-public Medicare insurance coverage for seniors.