In 2019, the 45th President Donald Trump issued an executive order to embed health pricing transparency into the medical industry. He announced it at a press conference that November.
WATCH:
We all know what happened. The election of 2020 and a President Joe Biden. Of course, as soon as Biden-Harris was installed in the White House, they dismantled the endeavor. Thanks to a win in the 2024 election, four years later, we have the 47th President Donald Trump back in office again. On Tuesday, Trump signed a new executive order empowering patients with the right to demand clear and accurate price transparency for their healthcare costs.
During my first term, my Administration took historic steps to correct a fundamental wrong within the American healthcare system. For far too long, prices were hidden from patients and employers, with inadequate recourse available to individuals looking to shop for care or obtain pricing information from a healthcare provider in advance of a visit or procedure. These opaque pricing arrangements allowed powerful entities, such as hospitals and insurance companies, to operate with insufficient accountability regarding their pricing practices, resulting in patients, employers, and taxpayers shouldering the burden of inflated healthcare costs.
While signing the EO, Trump clarified how this EO not only re-established the directive he put into place above, but how this new EO had even more teeth.