The following is an excerpt from an article by Sally Pipes, Founder & Chair of the Benjamin Rush Institute, published in Newsmax. Click here to read the full article in your browser.
Americans typically know the price of a television, refrigerator, or airline ticket before they buy it. But when it comes to hospital care, many don’t learn the cost until the bill arrives.
The Trump administration is trying to change that.
Earlier this month, federal regulators put more than 500 hospitals on notice for failing to properly disclose what they charge for common procedures and services.
The warnings are the latest step in President Trump’s long-running effort to bring greater price transparency to healthcare.
It’s a fight worth having.
Without clear pricing information, patients can’t comparison-shop, providers face little pressure to compete on value, and healthcare costs continue to climb.
That’s why Trump has made price transparency a priority.
His 2019 executive order required hospitals to publish pricing information for hundreds of common services in formats patients could easily access and compare. A second executive order, signed earlier this year, directed federal agencies to strengthen enforcement of those requirements.
Failing to comply with those EOs can lead to penalties of up to $2 million per year.
Since 2021, 28 hospitals have been fined for violating the orders.
The goal is straightforward — inject some market discipline into a healthcare system that often operates without even the most basic price signals.
Click here to continue reading the full article in your browser.
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