Trump Signs Executive Order to Enforce Healthcare Price Transparency

President Donald Trump has signed a new executive order aimed at enforcing healthcare price transparency regulations that were first introduced during his previous administration. This order directs the departments of Treasury, Labor, and Health and Human Services to ensure that hospitals and insurers disclose actual prices for services rather than estimates, facilitating better price comparisons for patients. The White House claims that price transparency could lead to significant savings for consumers and employers, with potential reductions in healthcare costs averaging 27% on common services. Despite these efforts, compliance by hospitals has been slow, with reports indicating that less than a quarter met all transparency requirements as of late 2024. The Biden administration's implementation of these regulations has been criticized by Trump, who argues that progress has stalled since he left office. The new order emphasizes the need for rapid enforcement and aims to empower patients with clear pricing information.