The order requires HHS to propose a way to make health-care providers and insurers give patients an estimate of their out-of-pocket costs ahead of service. (Photo: Bloomberg)
(Bloomberg) –President Trump called for hospitals to disclose to patients up front how much they charge for tests, surgeries and other procedures, in an executive order he signed on Monday.
The federal regulations Trump is calling for push forward a relatively simple idea: that patients should know how much hospitals charge for common procedures. Those prices are typically trade secrets between hospitals and the insurers they negotiate with.
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