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Illustration: Rebecca Zisser/Axios

Adding more transparency to the health care system's secretive pricing structure is a bipartisan idea that's gotten a lot of interest in Congress and from the Trump administration.

Yes, but: Some experts say transparency alone probably won't do much to lower costs, and could even end up backfiring.

Driving the news: The Trump administration is expected to soon release an executive order mandating the disclosure of health care prices, the Wall Street Journal reported Friday.

  • A new bipartisan Senate bill on health costs also includes several transparency measures.
  • The Health & Human Services Department is also requiring drug companies to include their products' list prices in their TV ads.

What they're saying: Critics argue that the industy's secretive pricing practices support its own bottom line at patients' expense, and causes wild discrepancies in what the same service costs in different places.

  • A recent RAND study found that private insurance plans pay hospitals, on average, 241% of what Medicare pays for the same services — and those rates vary widely from hospital to hospital.

The other side: More transparency could still end up being relatively useless for patients, experts said.

  • "In many cases, patients don’t necessarily know in advance what’s wrong with them and what care they’re going to need, so they don’t know what prices to ask for," the Kaiser Family Foundation's Larry Levitt said.
  • There's evidence that patients don't use the tools already available to them to shop around. And even the prices that providers have negotiated with insurers — which are valuable trade secrets for both industries — don't tell patients their actual costs.
  • "Knowing the underlying cost of a service or drug is unlikely to influence their decision ... since they aren’t paying that price to begin with," Avalere's Chris Sloan said.

Transparency could even lead to higher prices, as providers see what their competitors are getting.

  • "Knowing what concessions everyone is getting or giving can often mean that the low price in the market serves as a floor, rather than a ceiling, in future negotiations and that leads to higher prices over the long term," Sloan added.

The bottom line: At the least, more pricing information could help empower future policymakers.

  • "You’re going to see this jagged mountain range of pricing in the private sector, and it’s going to be pretty darn hard for people to justify it," said John Bardis, a former Trump administration health official. "This is what those who have benefited from opaque pricing practices don’t want to see, because it’s just not defensible.”

Go deeper

U.S: Nord Stream 2 "will not move forward" if Russia invades Ukraine

U.S. State Department spokesperson Ned Price during a press briefing at the State Department in Washington, D.C., on Tuesday. Photo: Kevin Lamarque/POOL/AFP via Getty Images

The U.S. will make sure the Nord Stream 2 pipeline between Russia and Germany won't go ahead if Russian troops invade Ukraine, State Department spokesperson Ned Price told NPR on Wednesday.

Why it matters: Germany's ambassador to the U.S. appeared to support Price's strong rhetoric on the strategically significant pipeline that would circumvent Ukrainian transit infrastructure and deliver Russian gas directly to Germany, eliminating one of the last deterrents Ukraine has against an invasion, per Axios' Zachary Basu.

Scoop: Stephanie Ruhle to replace Brian Williams on MSNBC

Photo: Nathan Congleton/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images

MSNBC will soon announce plans to move morning anchor Stephanie Ruhle to the 11 pm ET hour that Brian Williams turned into an elite destination, two sources familiar with the move tell Axios.

Details: The 9 am ET hour, currently hosted by Ruhle, will become part of MSNBC's flagship morning show, "Morning Joe," which currently runs from 6 am to 9 am ET.

Oath Keepers leader denied bail on Capitol riot sedition charge

Oath Keepers co-founder Elmer Stewart Rhodes. Photo: Susan Walsh/AP

A federal judge ordered Oath Keepers leader Stewart Rhodes to remain jailed Wednesday until trial on charges stemming from the Capitol riot.

Why it matters: The judge said the most prominent far-right figure charged in the Jan. 6, 2021, insurrection had access to weapons and his alleged "continued advocacy for violence against the federal government" gave credence to prosecutors' view that, if released, Rhodes could endanger others.