Health care finance

Trump to introduce price transparency rules for hospitals and insurers

President Trump plans to announce his transparency rules for hospitals and insurers Friday in a Roosevelt Room event, Politico reports.

Why it matters: Advocates of requiring hospitals and insurers to disclose negotiated rates say that it'll help patients shop for health care, which could in turn lower prices through enhanced competition.

25% of health care spending is waste

Ambulances in southeast Missouri.
Ambulances in southeast Missouri. Photo: Michael S. Williamson/The Washington Post/Getty Images

A quarter of total U.S. health care spending — between $760 and $935 billion every year — is waste, according to a new JAMA study lead by William Shrank, who is Humana's chief medical officer.

Why it matters: We all pay for this waste through our premiums, out-of-pocket spending and taxes, and every dollar of it ends up in someone else's pocket. Meanwhile, the health care industry is thriving.