Executive Order

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Making America Healthy Again by Empowering Patients With Clear, Accurate, and Actionable Healthcare Pricing Information

AI Summary: This is a policy document - specifically an Executive Order issued by the President regarding healthcare price transparency. This regulation aims to expand and enforce healthcare price transparency requirements across hospitals and health plans. The Executive Order directs the Secretaries of Treasury, Labor, and Health and Human Services to take actions within 90 days to require disclosure of actual prices (not estimates), standardize pricing information to make it comparable across healthcare providers, and update enforcement policies to ensure compliance. The regulation builds on previous efforts from the President's first term to make healthcare pricing more transparent, with the goal of helping patients make more informed healthcare decisions and potentially reducing healthcare costs. The order requires hospitals to display pricing information for shoppable services, health plans to post negotiated rates and prescription drug prices, and create consumer-facing tools for accessing price information. The regulation emphasizes putting patients first by providing clear, accurate, and actionable healthcare pricing information, with potential economic benefits such as estimated savings of up to $80 billion by 2025 and potential cost reductions for employers.