Health Care

Trump Signs Executive Order To Overhaul Our Health Care System

Trump Signs Executive Order To Overhaul Our Health Care System”

On a call with reporters Monday, HHS Secretary Alex Azar said people need to know more so they can be wise consumers of healthcare.

The administration took a step toward more transparency earlier this year by requiring hospitals to post their list prices, known as the chargemaster, online. FierceHealthcare subscribers rely on our suite of newsletters as their must-read source for the latest news, analysis and data impacting their world.

The information that would result from Trump's executive order would provide more detail based on negotiated, discounted rates. Specifically, the agencies are required to offer two proposals: regulations requiring hospitals to disclose actual costs patients will pay and others requiring insurers and providers to inform patients of out-of-pocket costs before rendering any services.

Prices paid by private insurers can be many times the amounts paid by Medicare, the government health insurance program for older Americans, research by health economists has found.

The order also instructs officials to encourage people to use health-savings accounts-an arrangement long touted by conservatives that enables people, or their employers, to put money into tax-preferred accounts for medical expenses, often used in tandem with insurance policies that have high deductibles.

The order also directs HHS to come up with a solution for situations where patients unknowingly receive medical treatment from doctors outside of their insurance networks. That will involve a complex give-and-take with hospitals and others industries affected.

"Publicly disclosing competitively negotiated, proprietary rates will reduce competition and push prices higher - not lower - for consumers, patients, and taxpayers", said Matt Eyles, CEO of America's Health Insurance Plans in a statement to NPR.

A senior administration official told reporters that the order "does not specify the precise level of detail or individual versus aggregated information", adding that it would be a part of the rule-making process.

"Every time one of us goes to a hospital, within a couple of weeks there arrives an explanation of benefits that contains the list price, the negotiated price and your out-of-pocket cost", Azar said.

Push back from various corners of the healthcare industry came quickly, with hospital and health plan lobbying organizations arguing this transparency requirement would have the unintended outcome of pushing prices up, rather than down. "The rates are there".

"This is not some great state secret out there", he said. "Because of this you'll be able to search out for the right doctor and it really is in a true sense the opposite of Obamacare", President Trump said.

"Currently, patients do not have adequate tools to find the doctors who would deliver better health outcomes at an affordable cost", Trump said.

President Donald Trump signed an executive order on Monday aimed at curbing health care costs by requiring health insurers and providers to reveal pricing for care to patients. The president is calling for the prices that insurers negotiate with hospitals to be made public, and a number of people have told me that this could actually cause hospitals and physicians to ask for higher reimbursements going forward. "The Federal Trade Commission has said that spending would likely increase if hospital-insurer payment arrangements were published".

Trump said the "lack of price transparency has enriched industry giants greatly", asking why the issue was not addressed already.

"We also agree that patients should have accurate, real-time information about costs so they can make the best, most informed decisions about their care".

Like this



27 June 2019
Italian 'cocaine king' makes midnight escape from jail in Uruguay
He has also been described as a key figure in the Calabria-based 'Ndrangheta mob, one of the world's biggest movers of cocaine. One of the fugitives is pending extradition to Brazil, and another to Argentina.

27 June 2019
Spectacular Images of Raikoke Volcanic Eruption Taken from Space
The volcano's ash plume is now drifting north over the Bering Sea as of yesterday, according to the European Space Agency . Image shows the volcanic column rising upward before spreading out laterally in what is known as an umbrella region.

27 June 2019
Ocean Swimming Can Make Us More Vulnerable To Infections
After 6 hours passed the microbiome began to change back to its initial shape, and at 24 hours, the changes were quite visible. The team's research was only able to detect the presence of Vibrio bacteria, not their specific species.

26 June 2019
Prince William: 'I'd support my child if they were gay'
He replied: "Do you know what, I've been giving that some thought recently because a couple of other parents said that to me as well".

26 June 2019
Supreme Court to review insurers’ Obamacare claims for $12B | Lexington Herald Leader
The federal government, however, argued in a brief, that Congress intentionally, and legally, limited risk corridor payments. A signal on an insurance retailer advertises Obamacare in San Ysidro, San Diego, California, U.S., October 26, 2017.

26 June 2019
Standing ovation for SA's Ndlovu Youth Choir on 'America's Got Talent'!
You showcased the beauty of that you represent and you're giving so much hope, I can't thank you enough, thank you "said Union". The Ndlovu Youth Choir from South Africa gave such an wonderful and heartfelt performance on America's Got Talent last night.

26 June 2019
DJI to Assemble Drones in California Amid Security Concerns
Customs and Border Protection determines that the U.S. produced value of its drones will qualify under the U.S. The company's drones are used by many USA government agencies, including the New York Police Department.

26 June 2019
Trump Says Fed's Powell Needs To Lower Rates, Doing Bad Job
When asked directly about the plan for an interest rate cut, Richmond Federal Reserve President Thomas Barkin simply said "I don't know".

26 June 2019
Kevin Durant Declines Player Option, Becomes Free Agent
Even without both Napier and Graham cut, they would be $383.9K short of the two max deals for both Durant and Irving. The Knicks only have Durant, Irving and Leonard as guys they would be willing to give the max.

26 June 2019
Unauthorized Raspberry Pi Used to Hack NASA
The audit course revealed a number of other devices on the JPL network that system directors didn't find out about. NASA has revealed it was hacked with cyber thieves stealing documents relating to its Mars missions.