Making America Healthy Again by Empowering Patients With Clear Pricing
Feb 28, 2025
Feb 28, 2025
Summary
Makes healthcare prices clear so people can shop for care and lower costs for everyone.
What problem does this solve?
Hidden healthcare prices from hospitals and insurance companies have led to inflated costs for patients and employers. This order forces them to show their real prices, which helps create competition and lower costs.
Who does this affect?
- Patients
- Hospitals
- Health Insurance Companies
What does this order do?
Enforces price transparency rules
Directs government agencies to quickly put into effect and enforce existing rules that require hospitals and health plans to show their prices.
Requires actual prices, not estimates
Mandates that hospitals and health plans must disclose the real prices for their services, rather than just providing estimates.
Standardizes pricing information
Orders the creation of new rules to make sure that pricing information is presented in a standard way, making it easy to compare prices across different hospitals and plans.
Updates enforcement policies
Requires new policies to make sure that hospitals and health plans follow the rules and provide complete and accurate pricing data.
What is the real world impact?
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Could lower healthcare costs
Forces hospitals and insurance companies to show their prices. This creates competition, which can lead to lower costs for patients, employers, and taxpayers.
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Empowers patients to make informed decisions
Gives people the information they need to compare prices for medical services before they receive care. This allows them to choose more affordable options.
When does this start?
This order takes effect immediately and requires government agencies to take action within 90 days.
Deadline for new enforcement actions
Within 90 days of February 25, 2025, agencies must take action to enforce price transparency, require actual prices, and standardize data.