28 Feb 2025
💰Executive Order on Healthcare Pricing Transparency
Making America Healthy Again by Empowering Patients With Clear, Accurate, and Actionable Healthcare Pricing Information
Summary
Executive Order 14221 focuses on improving healthcare pricing transparency by mandating hospitals and health plans to provide clear and accessible pricing information to consumers. This order builds on prior regulations aimed at empowering patients to make informed healthcare decisions, ultimately seeking to reduce healthcare costs and foster accountability among providers.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The executive order addresses healthcare pricing transparency, directly impacting compliance for hospitals and health plans, which must adhere to new standards for price disclosure. This will affect cost management for businesses, particularly employers providing health insurance, potentially leading to significant savings.