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Trump signs executive order calling for upfront disclosure of hospital costs
Fox News Channel ^ | June 24,, 2019 | Andrew O'Reilly

Posted on 06/24/2019 1:47:37 PM PDT by buckalfa

President Trump on Monday signed an executive order demanding the upfront disclosure by hospitals of the actual prices for common tests and procedures.

Trump's order also requires that patients be told ahead of time what their out-of-pocket costs like deductibles and copays will be for many procedures.

“This landmark initiative continues our work to put American patients first,” Trump said at the White House. “We are fundamentally changing the nature of the health care marketplace.”

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: healthcare; prices; transparency
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To: thoughtomator

And IIRC, rural hospitals get to charge more. So there’s that to figure into the mix, too.


21 posted on 06/24/2019 2:27:57 PM PDT by mewzilla (Break out the mustard seeds,)
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To: youthphil

Every get on a plane and ask folks what they paid. Over 2 to 3 times range. Cruise ships are the same. No two people pay the same, its who they know and the tricks employed in booking.


22 posted on 06/24/2019 2:28:59 PM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: buckalfa

Bravo!
Have you ever asked how much a test would cost? I have. Blank stares.
AMA fascism.
They don’t know or won’t tell you.
And then there are the “trial bills”.
Unless you contest them, they will ruin your credit rating. Eff them! :)
They wear you down when you are least able to defend yourself.
They know what they are doing.
AMA mafia.


23 posted on 06/24/2019 2:41:05 PM PDT by Concentrate (ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
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To: youthphil

In the same exact boat. Knowing is critical even paring down the accessories in the room.


24 posted on 06/24/2019 2:43:55 PM PDT by magna carta
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To: buckalfa

Disagree. Would not *only* benefit the uninsured.
Doesn’t require more bureaucrats & bureaucrats shouldn’t be determining prices anyway.
Gives consumers opportunity to protest high costs & overrule the bureaucrats.

It only requires the provider to post itemized costs *before* purchase, like menu items in a restaurant, giving the consumer the choice to accept or reject.
Forces providers to compete.

Also, consumers can note changes in costs & better detect fishy billing, saving $$ for taxpayers.

Requires alert consumers, though.

I was using a walk-in clinic, paying cash for all visits & lab tests, with itemized billing.
Soon as I went on Medicare, the cost of basic office visit went from $100 to $190, almost double!
Each lab test jumped, too.
Why?
Because they could. “The government” is the deep pockets.
I raised heck about it. Most people don’t.
My bill was adjusted.


25 posted on 06/24/2019 2:45:07 PM PDT by mumblypeg (I've seen The Future. Brother, it is murder.. Leonard Cohen)
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To: rstrahan

Don’t go to hospitals. Die first. You’d be better off, probably. Eat well, take your chances.


26 posted on 06/24/2019 2:48:58 PM PDT by Concentrate (ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
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To: buckalfa

Bulls and Bears, w/DAvid Asman, on FoxBiz, was supposed to be doing a program segment on all of this, on their show, tonight. Where they reviewed POTUS’ EO, Medicare and Medicaid news, etc.


27 posted on 06/24/2019 2:53:34 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
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To: mumblypeg

Medicare reimburses 15% on average...so your medical clinic gets about $29. of the $190. charge. That is why they increased the charge from $100. to $190.. So they could get closer to the $100. cash you used to pay.


28 posted on 06/24/2019 2:54:19 PM PDT by Drago
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To: vette6387

The US system is remarkably rule-ridden, legal-risk driven, and corrupt. The costs of actual delivery of medical services are through the roof compared to anywhere else on earth.

In some ways the US medical system is more “socialist” than many others, in that many interests have leveraged governments to create opportunities for those in favorable positions to tap it, and escalate costs of course. Or, better put, its a state-driven corrupt system befitting a banana republic.

To compare, I have been shopping for Spanish private medical insurance. They have that there, for those who prefer private to avoid the waits of the public system or people who do not qualify, such as retirees with incomes from abroad. For a retirement age couple, private free market “gold plated” coverage is under $300/mo.


29 posted on 06/24/2019 3:06:08 PM PDT by buwaya
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To: bert

Spoken like a true medical insider.

Protect, protect, protect.


30 posted on 06/24/2019 3:16:22 PM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just hava few days that don't suck.)
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To: youthphil

Transparent pricing is an important component of capitalism — period.


31 posted on 06/24/2019 3:19:59 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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To: George from New England

But every one of those people knew in advance exactly how much they’d pay before they bought their tickets. It’s not like they boarded a plane in New York and only learned the price of the ticket AFTER they landed in Los Angeles.


32 posted on 06/24/2019 3:24:09 PM PDT by Alberta's Child ("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
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To: bert; Alberta's Child; Sequoyah101
Price lists are not really fesable for hospitals. there are just too many variables.

The irony is that many who want transparency also think more insurance competition is a key to reduced costs.

If the hospital charges every insurer the same then the insurers have no way to differentiate themselves and maybe offer lower rates.

But if you have 10 insurers, each negotiating a different price with the hospital, which one should be posted as the "transparent" price?

33 posted on 06/24/2019 3:35:40 PM PDT by semimojo
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To: magna carta

“Knowing is critical even paring down the accessories in the room.“

Yes. Imagine if most insured healthcare consumers became cost conscious and cost reducing...


34 posted on 06/24/2019 3:36:13 PM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and how few by deceit. Noel Coward)
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To: buckalfa

This is big. Hospitals overcharge those without insurance so they can write of huge ‘losses’.

It’s unfair to the country, to the poor and to taxpayers.

Trump’s amazing.


35 posted on 06/24/2019 3:37:10 PM PDT by GOPJ (United States being invaded and the ONLY thing democrats care about is the comfort of the invaders?)
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To: buckalfa
Back in 2007 I went to the Hernia Institute, in Montgomery Township, PA
I had an Umbilical Hernia needing repair.

Since I live in NJ, it was an "out of network" Operation.
This was back when Insurance was good, before the Moron from Kenya, eff'ed it up.
It was an all in the same day surgery, Pre-op testing to the actual repair.

I was speaking to the Doctor about the unique way of doing it.
He explained that the Amish ride in at dawn with cash and need to go back home at the end of the day.
Bottom Line was $4000, if you pay cash for everything.
I paid $250 for the out of network Deductible & the Hospital billed the Insurance Company $17,400

What they settled for was $4700

What it would be know under the current mess, is anybody's guess!

36 posted on 06/24/2019 3:39:49 PM PDT by fedupjohn (Future Follows Past ...You have more then you know...Q)
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To: Buckeye McFrog

“They’ll just put out list prices that are five to six times as high as what they’ll actually get.”

That wouldn’t work with stations selling gas or grocers selling bread. Why do you think it would work for hospitals? Public pricing of a medical service would bring down the cost as hospitals compete for patients.


37 posted on 06/24/2019 3:40:23 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: bert

“Price lists are not really fesable for hospitals. there are just too many variables.”

Horse-hockey! Those same hospitals sure as hell know how to write up a cost and give out precise bills to patients.


38 posted on 06/24/2019 3:42:47 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: GOPJ
"This is big. Hospitals overcharge those without insurance so they can write of huge ‘losses’."

Overcharging to the PIP auto insurance pool which makes us (Michigan) the highest Auto Insurance rates in the Nation by certain hospitals ( charging 5k for a $400 MRI ) is the kinda chit that has got to stop. And don't think some of these hospitals, insurance companies etc are "R" voters, and don't think they haven't paid and played both sides of the Swamp in Lansing.

We have waited all our lives for President Donald J Trump, thank you God...

39 posted on 06/24/2019 3:43:30 PM PDT by taildragger ("Do you hear the people Singing? Singing the Songs of Angry Men!")
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To: vette6387

The government-medical-pharma-legal complex is deep, handles 17% of our economy, is highly unionized, employs leagues of lawyers and is chock full of waste and fraud.


40 posted on 06/24/2019 3:43:42 PM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and how few by deceit. Noel Coward)
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