As the 2020 presidential election looms near and Democrats chomp at the bit to bribe taxpayers with their own money via massive give-away programs like “Medicare For All.” President Donald Trump signed an executive order Monday that calls for the disclosure by health care providers of actual prices for common tests and procedures, which will likely have a profound impact on the currently mysterious marketplace of American health care.
The president said, “We’re here to announce new groundbreaking actions that we’re taking to dramatically increase quality, affordability, and fairness to our health care system. This landmark initiative continues our campaign to put American patients first. This is a truly big action. People have no idea how big it is. Some people say bigger than health care itself. This is something that’s going to be very important. For too long, it’s been virtually impossible for Americans to know the real price and quality of health care services and the services they receive. As a result patients face significant obstacles shopping for the best care at the best price driving up health care costs for everyone. With today’s historic action, we are fundamentally changing the nature of the heath care marketplace.”
With a basic tenant of free market capitalism, the idea is to change business as usual and empower patients to be savvy shoppers with practical information so they can save money while they get the care they want at a price they can afford.
President Trump said, “We will empower patients with the information they need to search for the lowest cost and the highest quality care. In other words, they will be able to seek out their doctor, seek out the doctor they want and they’ll be given vast amounts of information about those doctors.”
The president said, “For decades, powerful insurance companies lobbyists, and special interests have denied the public access to the real costs of the health care services they provide. It’s that simple. This lack of price transparency has enriched industry giants greatly costing Americans hundreds of billions of dollars a year. Patients have been billed nearly $800 for saline, more than $6,000 for a drug test at the simplest methods used and $6,000, I’ve seen them. And over $17,000 for stitches to just stitch up a minor wound. Often prices differ drastically between providers and hospitals for the exact same services.” And there is no constancy, there’s no predictability, and there’s frankly there no rhyme or reason to what’s been happening for so many years.”
This presidential order will encourage price transparency to drive competition and use the good old American free market to bring down the cost of health care and flies in the face of proposed democratic socialism.
President Trump said, “With this order, hospitals will be required to publish prices that reflect what people actually pay for services in a way that’s clear straight forward and accessible to all and you will be able to price it among many different potential providers and you’ll get great pricing. Prices will come down by numbers that you won’t even believe. More price transparency will mean more competition and the cost of health care will go way way down.”
The president said, “As we fight to increase transparency and lower costs for patients, more than 120 Democrats in Congress support Bernie Sanders’s socialist take over of American health care, it’s very dangerous. The Democrat plan would terminate the private health insurance of 180 million Americans who are really happy with what they have. Under my administration, we will never let that happen.”