Despite healthcare price transparency regulations being in effect for the last four years, there’s been little impact on the overall cost of care in the U.S. But the Trump administration seems determined to give the regulation teeth.
President Donald Trump signed an executive order requiring the Departments of Labor, Treasury and Health and Human Services to implement regulations that would further enforce the Hospital Price Transparency Rule and the Transparency in Coverage Rule by late May. The rules first came into effect during Trump’s first administration, which mandated hospitals and insurers to share the costs of all services in machine-readable files. President Joe Biden signed another executive order in 2021, placing fines on uncompliant hospitals.
