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President Trump signed an executive order Monday on price transparency in health care that aims to lower rising health care costs by showing prices to patients. The idea is that if people can shop around, market forces may drive down costs. "Hospitals will be required to publish prices that reflect what people pay for services," said President Trump at a White House event. "You will get great pricing. Prices will come down by numbers that you wouldn't believe. The cost of healthcare will go way, way down." Like several of President Trump's other health policy-related announcements, today's executive order doesn't spell out specific actions, but directs the department of Health and Human Services to develop a policy and then undertake a lengthy rule-making process. "The president knows the best way to lower costs in health care is to put patients in control by increasing choice and competition," HHS Secretary Alex Azar said at a phone briefing for reporters Monday morning.
Hospitals will be required to publish prices that reflect what people pay for services,
originally posted by: strongfp
a reply to: EternalShadow
Great now every commercial between pharmaceutical products will be health care ones.
Best price in town for an xray or an ultra sound!
originally posted by: scojak
a reply to: EternalShadow
Hospitals will be required to publish prices that reflect what people pay for services,
Praise our mighty orange overlord! If this requirement is actually enacted it will be a yuge win!
I got hit with a $2k bill about four months ago that I was told would be about a $150. It's downright criminal!
originally posted by: Phage
a reply to: Sookiechacha
It requires that pricing (base cost as well as co-pays) be provided before services are provided. The idea is that this will stimulate competition which will result in lower prices.
Doesn't have much to do with the ACA, actually.
originally posted by: chr0naut
originally posted by: scojak
a reply to: EternalShadow
Hospitals will be required to publish prices that reflect what people pay for services,
Praise our mighty orange overlord! If this requirement is actually enacted it will be a yuge win!
I got hit with a $2k bill about four months ago that I was told would be about a $150. It's downright criminal!
You'll still be billed $2k.
It's just that your financial worries will now coincide with your health worries.
Gotta love it that everyone in government there is saying 'healthcare' and really they are talking about different money making schemes.
originally posted by: r0xor
originally posted by: chr0naut
originally posted by: scojak
a reply to: EternalShadow
Hospitals will be required to publish prices that reflect what people pay for services,
Praise our mighty orange overlord! If this requirement is actually enacted it will be a yuge win!
I got hit with a $2k bill about four months ago that I was told would be about a $150. It's downright criminal!
You'll still be billed $2k.
It's just that your financial worries will now coincide with your health worries.
Gotta love it that everyone in government there is saying 'healthcare' and really they are talking about different money making schemes.
If or when I come down with something that's terminal over 50% of the time, I'm going to adjust my habits, diet, and lifestyle as much as possible while doing what you can do yourself to help your prospects. Google will be my Primary Care Physician.
I'll get an emergency room visit or two, maybe three that i'll never be able to pay for which is a blessing or else I'd never be seen by a doctor once for something like cancer, and that's it. Can't afford it and can't afford insurance. I might be able to afford insurance through work, it's $90-$100 a month, but I can't afford co-pays or good prescriptions for serious things because I make $700-$850 a month, depending on hours and what month it is.
I'll get and take the cheap prescriptions and apply for some kind of assistance for people who are low income and terminal but as it stands, based on living with someone who gets $600 a month and my income combined, I'd be eligible for medicare had it been expanded in my state so I get a credit on my tax return that goes to an old federal student loan and no medicare. My household income is $1300-$1500 a month and most of it goes to bills and living expenses.
originally posted by: chr0naut
You could also fly to another country that provides free, high standard, universal healthcare. Some countries have even higher quality of care than the US - for free!
originally posted by: chr0naut
You'll still be billed $2k.
It's just that your financial worries will now coincide with your health worries.
Gotta love it that everyone in government there is saying 'healthcare' and really they are talking about different money making schemes.