All articles tagged with #price transparency
President Trump highlighted a historic $50 billion, five-year Rural Health Transformation Program under the Working Families Tax Cuts Act, with CMS funding awards to all 50 states to modernize rural health care, expand the workforce, facilities, and innovative payment models, while continuing price-transparency and drug-pricing efforts and advocating broader reform.
Trump unveiled a comprehensive health-care blueprint aimed at enshrining his executive actions into law, pressuring Congress to codify drug-price deals (including most-favored-nation provisions), expand price transparency for insurers and providers, fund cost-sharing reductions, and launch a consumer-focused discount site, while Republicans remain divided over subsidies and abortion provisions and critics warn the plan may struggle to pass.
Trump released a four-point framework aimed at lowering prescription prices and premiums, increasing price transparency, and redirecting subsidies to individuals' health savings accounts. The plan offers few specifics and would require Congress approval; analysts warn it could undermine ACA protections, raise uninsured rates, and faces Republican resistance over subsidies and other provisions.
President Trump released a health-care framework called the Great Health Care Plan that would lower prescription drug prices, shift ACA subsidies toward Health Savings Accounts, and require price transparency from insurers, hospitals, and physicians. The proposal also seeks congressional passage of a most-favored-nation drug pricing policy and funding for ACA cost-sharing reductions to reduce premiums, though some elements are likely to draw GOP pushback on Capitol Hill.
President Trump unveils The Great Healthcare Plan, promising to lower costs by slashing prescription prices, reducing insurance premiums by redirecting subsidies to individuals, expanding funding for cost-sharing reductions, and enforcing price transparency from insurers and providers, including publishing prices and denial rates to empower consumers.
Trump called on Congress to enact The Great Healthcare Plan to lower drug prices (via MFN pricing), slash insurance premiums, curb PBM kickbacks, and boost price transparency with plain-English disclosures so Americans can compare costs and hold insurers accountable, building on his prior executive actions.
Mark Cuban drew attention to a stark MRI pricing gap: insurers reimbursing about $2,500 for an MRI at one center versus $350 at a nearby facility, underscoring a lack of price transparency and the potential to drive down costs through competition and clearer pricing.
A study published in JAMA Surgery reveals that hospitals across the US charge vastly different prices for trauma care, with the same care costing up to 16 times more at some hospitals compared to others. The study found that cash prices for trauma care are often significantly cheaper than the negotiated prices paid by insurance companies, highlighting the lack of transparency and consistency in hospital pricing. This poses a significant problem for uninsured and financially vulnerable patients, as they are unable to compare prices and may end up paying more than insured patients.
A bipartisan group of U.S. senators has introduced the Fans First Act, a bill aimed at addressing issues in the ticketing industry and increasing transparency for live event patrons. The legislation seeks to tackle problems such as price transparency, consumer protection, and the reselling of tickets at inflated prices. It would require ticket sellers and resellers to disclose the total cost of a ticket, including fees, and provide a breakdown of the price. The bill also aims to crack down on scalpers by prohibiting the use of bots to purchase tickets, preventing the sale of speculative tickets, and imposing civil penalties on resellers engaged in illegal practices. Live Nation has expressed support for the bill, stating that it welcomes positive reform in live event ticketing.
Texas has reached a voluntary agreement with Marriott to increase price transparency and prominently display all "resort fees" in its advertisements and booking process. However, the state has also filed a lawsuit against Hyatt for allegedly violating Texas consumer protection laws by misleading consumers with marketing and charging hidden fees. Texas Attorney General Ken Paxton claims that hotel companies are engaging in fraudulent and anti-competitive practices by misleading consumers in advertisements, preventing comparative shopping, and charging millions of dollars in hidden fees.