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President Donald Trump signed an executive order Monday that he said would “fundamentally” change the health care market by requiring hospitals to disclose in an easy-to-read format what patients pay out of pocket for services.
The order, which the Department of Health and Human Services will implement, is designed to improve consumer incentives to shop for care, which would expand the potential benefits of health savings accounts.
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“This is a truly big action,” Trump said in the Grand Foyer of the White House before signing the executive order. “Some people say, bigger than health care itself.”
The HHS, under the order, also will require hospitals to provide more information to researchers and medical providers as a means to develop ways to cut costs.
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“No Americans should be blindsided by bills they never agreed to,” Trump said.
He said the action was the “opposite of Obamacare” because it expands consumer choice....
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