President Trump Signs an Executive Order to Improve Price and Quality Transparency in Healthcare

PUTTING PEOPLE FIRST

President Trump signed an executive order directing federal agencies to increase healthcare price and quality transparency. The order specifically directs the Departments of Labor, Treasury and Health and Human Services to issue guidance and propose regulations that would disclose negotiated rates, cost-of-care and de-identified federal healthcare data, and to expand the availability of Health Savings Accounts. The order does not immediately trigger any new federal policies, except for the specific instructions to the federal agencies to develop regulatory guidance.

The order includes five main provisions instructing federal agencies to issue guidance that would:

 

 

“We are fundamentally changing the nature of the health care marketplace,” Trump said before signing the order.

As with previous executive orders issued by President Trump, this order does not immediately trigger any executive action apart from the instructions issued to the federal agencies to develop regulatory actions. These will need to go through the traditional rulemaking procedures of providing a proposed rule for public comment before being able to enact any final rules.

Innovative will continue to watch closely and inform you of any developments.

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