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Executive Order Highlights Increased Health Care Price Transparency

executive order

2 minute read

President Trump signed an executive order earlier this week designed to increase pricing and quality transparency in health care. It directs several federal agencies to write guidance and regulations to help patients receive more info about health care costs before they get it. Here are some highlights of the order:

 

Pricing Transparency

  • Regulations will be proposed to:
    • Require hospitals to publicly post their pricing info using easy to understand language and include charges and information based on insurance-negotiated prices and shoppable services/items.
    • Treat medical expenses that relation to certain types of health arrangements as eligible medical expenses under section 213(d) of title 26, United States Code. The order could include expenses related to direct primary care or health care sharing ministries.
  • An advanced notice of proposed rulemaking would require insurers, providers, and self-insured health plans to provide patients information about expected out-of-pocket costs for medical items or services before they receive care.
  • A report will be created that describes how the government or private sector is hindering transparency in health care quality and pricing for consumers.

 

Medical Spending Accounts

  • Guidance will be issued:
    • To expand consumers’ ability to choose high deductible health plans with health savings accounts.
    • About increasing flexible spending account funds that can carry over without penalty at the end of the year.

 

Quality of Care Transparency

  • A roadmap will be developed to help align and improve data and quality reporting measures across programs such as Marketplace, Medicaid, and Medicare.
  • Access to de-identified claims data from taxpayer-funded health care programs and group health plans will increase. This will help to create tools to empower patients to make more informed health care decisions.

 

5 Point Benefit Assessment

 

Surprise Medical Billing

  • A report shall be submitted detailing any additional steps that are necessary to implement the surprise medical billing principals that were laid out on May 9 to the president.

 

Next Steps

Note that this executive order doesn’t set forth any proposed regulations itself. Download the bulletin for more details. Also stay tuned to our blog for the latest information.

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Erin Woulfe

Erin Woulfe

Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization, or providing tips and how-to’s to help them make their job easier.”