Washington, DC (November 15, 2019) – Today, the Trump administration announced its final rule to bring more transparency to healthcare prices, which will increase competition in the healthcare industry and lower costs for patients.
The Trump administration’s final rule requiring transparent prices in healthcare is a key step in lowering inflated healthcare costs because it will give patients and small businesses the information they need to price shop and find the health plans with the most bang for the buck. Through greater price transparency, choice and competition will increase, benefiting patients. Our research shows the public understands how market forces can improve the healthcare system, which is why they are demanding market-based reforms. The rule will spur the use of direct medical care, which is known as direct primary care for family healthcare needs, because it will allow patients to weigh their healthcare options and determine just how much they will save from competing healthcare options before they receive care. Like all other economic sectors, this pricing information will put downward pressure on costs.
Transparent prices and direct medical care — funded by expanded tax-free and portable personal care management accounts — are key pillars of the Job Creators Network’s Healthcare for You plan. This healthcare reform would fix what’s broken in healthcare without destroying the doctor-patient relationship like Medicare for All. Transparent prices are a vital step toward its implementation and JCN commends the Trump administration for its efforts.
To learn more about Healthcare for You, please go to www.healthcareforyou.com.