Industry doesn't like Trump's transparency push

Trump signs health care executive order
President Trump signs yesterday's executive order. Photo: Mark Wilson/Getty Images

Industry groups came out with guns blazing yesterday against President Trump's executive order on price transparency for hospitals. And plenty of experts are skeptical that it will bring prices down.

What's next: Industry will have ample opportunity to kill or weaken the new rules while the administration fills in the details through the regulatory process.

Trump orders more price transparency from hospitals

President Trump and HHS Sec. Alex Azar
President Trump with HHS Secretary Alex Azar. Photo: Chip Somodevilla/Getty Images

President Trump will sign an executive order today directing his administration to require hospitals to disclose more information about the prices patients and insurers actually pay. The order also aims to give patients more information about their out-of-pocket costs.

What's next: The prices hospitals negotiate with insurers are valuable business information, and both parties will likely fight hard to keep those prices secret.