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Last week, President Trump unveiled his “Great Healthcare Plan” to reduce drug prices, lower premiums, bring much needed price transparency, and give direct payments to American citizens instead of the large insurance companies. You know, the same insurance companies that push DEI while accepting taxpayer money. Our founder, Trent England, wrote a letter to President Trump last month encouraging the administration to take action.
The President's healthcare plan is a comprehensive framework to lower costs for everyday Americans. He emphasized the need for hospital and insurer price transparency, which is an essential tool to lower prices. President Trump stated:
“Most importantly, it will require any hospital or insurer who accepts Medicare or Medicaid to prominently post all prices of their place of business so that you are never surprised, and you can easily shop for a better deal or better care—and you’re going to end up doing both; you’re going to get a better deal and better care.”
You can find the full plan here.
While President Trump is doing all he can on the national level to tackle the healthcare crisis, state legislatures are jumping into the fight. A hospital price transparency bill in the Wisconsin Senate passed out of committee earlier this month and is heading to a full floor vote. Senate Bill 383, which is unsurprisingly opposed by hospital groups, would enforce price transparency at the state level, giving the Wisconsin Department of Health Services enforcement powers to investigate complaints and levy fines.
Wisconsin isn’t the only state enacting price transparency laws. Oklahoma passed Senate Bill 889, which mandates that hospitals publicly disclose machine-readable price lists and prohibits non-compliant hospitals from initiating debt collection while in violation.
A similar bill was also enacted in Nevada last year. Indiana, and Ohio, passed their own price transparency bills with different enforcement mechanisms and penalties.
Obamacare subsidies inflated healthcare costs for average Americans, soaking taxpayers while enriching hospitals and insurers. Price transparency is one of the best ways to drive down prices. Thankfully, the administration and the states are delivering.
