Trump's Health Care Order Will Deliver Big Savings to Patients, Employers
Newsweek
With his groundbreaking executive order on health care price transparency, President Donald Trump paved the way to protecting American patients and employers from the inflationary costs of the American health care system.
Riddled with waste, fraud, and price gouging, the American system has purposefully hidden prices for too long, burdening the true purchasers of care—patients, employers, and taxpayers—with overcharges, hidden fees, and surprise medical bills. No wonder American employers consistently list runaway health care costs as their biggest challenge.
Real, upfront prices would reverse those inflationary costs.
A free-market framework in health care would reduce a gargantuan expense in company budgets and ultimately put more money back into the pockets of employees. But this framework is only possible through price transparency, which would allow business owners to negotiate competitive rates and offer better benefit plans to lower costs. It would also be a boon for individuals who purchase their own insurance.