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Trumps healthcare executive order will only mean more red tape, not cheaper care

June 24, 2019 / Ernest Istook
SHARESHARESHARE

President Trump has been the champion of reducing red tape. Thats why its confusing that he plans to issue an executive order requiring healthcare insurers and providers to reveal the details of their pricing contracts.Reducing the cost of healthcare is a well-intentioned goal. However, this so-called transparency plays into the never-ending myth that a new government mandate will fix what ails us.The plan sounds deceptively simple Government will require insurers and providers doctors, hospitals, clinics, etc. to disclose the prices of care they negotiate, including routine checkups, drugs, major surgeries, in-patient treatments, medical supplies, therapies, and more. In doing so, the speculation goes, patients would be able to make more informed choices and might save money.