I saw President Trump made some recent changes to address high health care costs. I suspect this could be greatly helpful at driving down health care prices.
President Trump does have health-reform plan — and it’s already driving down costs
https://nypost.com/2020/10/30/presi...form-plan-and-its-already-driving-down-costs/
excerpt:
On Thursday, President Trump finalized his health-insurance price-transparency rule. Count on it to revolutionize American health care.
The order requires health insurers to publish their real prices and cost-sharing information in advance so health-care consumers can easily shop for the best quality care and coverage at the lowest possible price. From MRIs to colonoscopies to prescription drugs, Americans will now be in charge of their health decisions and savings.
Combined with his already finalized hospital price-transparency rule,
this will unleash a competitive, functional marketplace based on free-market principles to drive down costs. The savings to individuals, families, and businesses through consumer empowerment will deliver a substantial economic stimulus now and for generations to come.
Democrats and the mainstream media
claim Trump has no health-care plan. This perspective has always been more party-line rhetoric than reality. Trump’s hospital price-transparency rule, which requires providers to post their discounted cash prices and secret negotiated rates, takes effect in the new year.
And last month, Trump issued a billing-transparency order, requiring hospitals to reveal their widespread unethical billing practices, including garnishing patient paychecks, placing liens on their homes and filing lawsuits against them.
Taken together, these three price-transparency rules will create systemwide transparency that will significantly reduce rampant health-care waste, middle players and price-gouging. All Americans will benefit from lower health-care and coverage prices, higher wages and a more productive economy.
Kudos to Health Secretary Alex Azar for his leadership in getting this rule over the finish line.
SEE ALSO
11 things Trump has done to fix Obamacare
Armed with real prices, patients and employers (who provide health coverage for about 180 million Americans) will be put in the driver’s seat of their health-care decisions. No longer will they be at the mercy of the pricing whims of the health-care industry, blinded to prices until after their bills arrive in the mail weeks and months after treatment.
Hospitals and health-insurers’ pricing power, which is almost absolute under the current opaque model, will collapse as upfront cost information empowers patients with the same financial certainty, discretion and choice that consumers enjoy in every other economic sector.
No wonder price transparency is supported by an overwhelming bipartisan majority — of about 90 percent of Americans, including 98 percent of women under 40......