Imagine walking into a hospital for emergency medical care. You are stressed beyond belief and worried about your health.
By the grace of God, your recover from the illness after a brief hospital stay and return home to recover. You aren’t worried about how to pay for the medical care, because you have insurance plus you only had basic medical care.
Unfortunately, a couple of months later you receive a bill for hundreds of thousands of dollars that wasn’t covered by your insurance. How could this possibly be? You know exactly what services you received. After all, you’ve received similar medical treatment before.
The problem is that no two hospitals are the same, and there isn’t a baseline standard that details what you will charged. Additionally, you aren’t given an estimate of charges before you receive the medical care.
Realistically if you are in an emergency situation, there’s no time to worry about the cost of a life-saving procedure. This is a real life situation that patients have battled for years in the United States.
What’s the solution?
As reported by WhiteHouse.gov, President Trump signed an Executive Order that directs his administration to take steps to improve price and quality transparency in healthcare.
The Department of Health and Human Services (HHS) will require hospitals to publicly disclose amounts that reflect what people actually pay for services in an easy-to-read format.
At President Trump’s direction, HHS will begin the process of making information on out-of-pocket spending more readily available to patients before they receive care.
President Trump’s goal is to empower patients and stop our healthcare systems from hiding the true cost of care, keeping critical information from patients, and limiting competition.
For too long, powerful interests have blocked patients from knowing the true price and quality of healthcare, denying them the information they need to make informed choices.
Lack of transparency contributes to soaring costs, suppressed competition, and lower quality. Plus patients face wide variations in prices, often for the same services, due to a lack of transparency.
When armed with accurate information, patients can often identify savings by shopping around for healthcare services and make choices that fit their personal healthcare needs and financial situations.
Price and quality transparency will promote increased competition among healthcare providers, leading to better value and more innovative healthcare.
Furthermore, President Trump is working to lower healthcare costs for all Americans by improving transparency and promoting competition.
The President signed legislation to end “gag” clauses that prevented pharmacists from letting patients know about potentially lower prices for drugs.
Recently, the Trump Administration took action to require drug manufacturers to publicly disclose drug prices in their television ads.
In 2018, President Trump launched a blueprint on ways to drive down drug prices and find savings for American patients.
After the President announced the blueprint, more than a dozen major drug makers enacted price freezes, reductions, or rollbacks. Last year, prescription drug prices decreased for the first time in nearly 50 years.
Although these are tremendous advancements, it’s still the responsibility of Americans to educate themselves on their rights and what’s available to them as patients.
All of this information and more is available on WhiteHouse.gov.
Share with others so that they not only know their rights, but also they fully understand what President Trump is doing for the American people since this is not being reported by the fake news media.