Good news! Bravo President Trump! There is indeed too little competition in the healthcare sector other than cosmetic surgery!
It would also make it easier for patients to compare hospital prices. Why don't hospitals post price lists etc.!
I also have too often the impression US hospitals are too vague about total costs of a treatment or even specific, well defined treatments. If you have no health insurance, your hospital bill may increase fast.
"President Donald Trump ordered the Departments of Treasury, Labor, and Health and Human Services to develop a framework to enforce hospital price transparency, within 90 days.
Trump originally established the rule during his first term in office, but compliance and enforcement under the Biden administration were weak.
Trump signed the new “Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information” executive order (EO) on February 25. The order directs the administrative departments to develop an enforcement plan to ensure hospitals disclose “actual prices, not estimates” and make “prices comparable across hospitals and insurers, including prescription drug prices.” ...
Frustrated by the [46th President] administration’s lack of enforcement, the states of Colorado in 2022 and Ohio in 2024 took hospital price transparency into their own hands. They prevented hospitals from collecting on unpaid bills if their prices were not disclosed in a “comprehensive machine-readable file.” ...
An independent economic analysis found full implementation of the regulations in the EO could save consumers, insurers, and employers $80 billion this year alone, the EO states.
“Why would anyone pay $3,000 for an MRI when they could get the same quality for $300?” ... “Likewise, no patient would agree to pay a $12,000 colonoscopy bill when the fair market price is around $1,000.”"
