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Trump administration makes another healthcare price transparency push with executive order

from By Scott E. Rupp

The Trump administration thorn may be officially piercing the side of hospital administrators. As a result of a recent executive order by President Donald Trump, they will be required to make information concerning their negotiated rates with insurers public. Providers and payers will be ordered to give patients estimates for out-of-pocket costs for procedures in advance of the procedure. The idea is that if people can shop around, market forces may drive down costs. more

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