(COLUMBUS, Ohio) — Ohio Attorney General Dave Yost today issued the following statement regarding President Donald Trump’s executive order on improving price and quality transparency in healthcare:
“We shop for hamburgers and cars, but we don’t have the information to shop for healthcare. I applaud the president for demanding more transparency in healthcare. His call for lifting the veil on pricing – and making sure we all know the true cost of the medical care and prescription drugs we consume – is long overdue. We’ve been working on this issue in Ohio for the past two years under the belief that transparency will drive prices down for consumers. Today’s executive order pairs nicely with our efforts and those of Gov. DeWine.”
President Trump signed into law by executive order June 24, 2019 a new bill that helps force more transparency to health prices.
- President Trump is signing an Executive Order that directs his Administration to take steps to improve price and quality transparency in healthcare.
- The Department of Health and Human Services (HHS) will require hospitals to publicly disclose amounts that reflect what people actually pay for services in an easy-to-read format.
- At President Trump’s direction, HHS will begin the process of making information on out-of-pocket spending more readily available to patients before they receive care.
- Researchers, innovators, and providers will get more access to data that will help them develop tools to provide patients with more information about healthcare prices and quality.
- The Administration will improve quality measurements and make them public.
- The President’s order also improves consumers’ incentives to shop for care by expanding the benefit of Health Savings Accounts (HSAs) and other tax-preferred health accounts.