President Trump Signs an Executive Order on Improving Price and Quality Transparency in Healthcare

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This video is about President Donald Trump’s speech at the White House in Washington, DC on June 24, 2019, where he signs an executive order on Health Billing Transparency. He says that they are there to announce new groundbreaking actions that they are taking to dramatically increase quality, affordability, and fairness to their healthcare system.

President Donald Trump remarks that with today’s historic action, they are fundamentally changing the nature of the healthcare marketplace. He adds that they will empower patients with the information they need to search for the lowest costs and the highest-quality care. He says that the lack of transparency has enriched industry giants greatly, costing Americans hundreds of billions of dollars a year.

Trump states that patients have been billed nearly $800 for saline, more than $6,000 for a drug test, at the simplest methods used, and $17,000 for stitches to just stitch up a minor wound. He says that with this order, hospitals will be required to publish prices that reflect what people actually pay for services in a way that’s clear, straightforward, and accessible to all.

Donald Trump remarks that today’s action is not just about lower price, but it is also about helping Americans find excellent care. He says that that’s why his order directs agencies to help inform the public about the quality of doctors and hospitals by leveraging all of this data. He adds that they are making new affordable health options available to millions of American workers through the association health plans, short-term plans, and health reimbursement arrangements.

President Trump remarks that they are expanding access to tax-free health savings accounts. He adds that to give critically ill patients access to lifesaving cures, they passed Right to Try. He says that they eliminated the Obamacare individual mandate penalty. In the end, he signs the executive order.

 

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