President Donald Trump on Tuesday signed an executive order directing the departments of the Treasury, Labor, and Health and Human Services to make healthcare prices transparent.
The order directs the departments to "rapidly implement and enforce" the Trump healthcare price transparency regulations, which he claims were slowed by the Biden administration.
The departments will ensure hospitals and insurers disclose actual prices, not estimates, and take action to make prices comparable across hospitals and insurers, including prescription drug prices.
In addition, they will be required to update their enforcement policies to ensure hospitals and insurers are in compliance with requirements to make prices transparent.
"When healthcare prices are hidden, large corporate entities like hospitals and insurance companies benefit at the expense of American patients," the White House wrote in a statement. "Price transparency will lower healthcare prices and help patients and employers get the best deal on healthcare."