EDITORIAL: Health care: Trump push for price transparency is sound - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 26, 2020 Newswires
Share
Share
Post
Email

EDITORIAL: Health care: Trump push for price transparency is sound

Free Press (Mankato, MN)

Jun. 26--Hospital associations and health care lobbyists threw everything but a good argument at a judge who this week ruled a Trump administration plan for transparency in hospital pricing should move forward.

U.S. District Judge Carl J. Nichols rejected the ideas that the hospitals, insurance companies and even consumers would somehow be harmed by Americans seeing the real prices of services and health care, as they do with everything else they buy.

The American Hospital Association vowed to appeal the ruling, which Secretary of Health and Human Services Alex Azar called a "resounding victory" and about which President Donald Trump tweeted "Congratulations America."

Cynthia Fisher, founder of PatientRightsAdvocate.org, called the ruling a victory for patients as it will demystify health care and most believe seeing prices will lower costs.

Insurance companies also opposed the Trump plan, arguing that if some health care providers see other providers are getting higher insurance payments for their services, they too will want higher payments.

In the real world, that's called capitalism. And it shouldn't be outlawed anytime soon by powerful interests of the health care/hospital/insurance industrial complex.

The hospital association argued the Trump plan to require prices for 300 common procedures be posted online amounted to "coercion," and that prices would actually go up due to higher reporting expenses.

And while patient advocates say the COVID pandemic has made it even more important to have transparency in prices, hospitals argue COVID expenses will make it more difficult to pay for price reporting.

America's Health Insurance Plans said the ruling would not make it easier for consumers to choose health care, would reduce competition, raise prices and reduce affordability.

We say balderdash to these arguments.

The Trump plan calls for hospitals to post their prices and make them available in a format that will allow consumer groups to set up service quality and measuring sites to assist consumers. It also requires the hospitals to say how much they would take for a service if a customer pays cash.

As readers of these pages will attest, we seldom agree with Trump policies, but the hospital price transparency is a good start to creating more competition and lower cost in the health-care industry. Insurance companies also face new transparency regulations from the Trump administration.

An appeals court judge should see through the flimsy and desperate arguments the hospitals and insurance companies are throwing up in condemnation of basic capitalism.

The ruling could still be rejected on appeal. That's why it's important for both parties in Congress to pass a similar bill into law to circumvent the legal challenge.

Price transparency in health care will go a long way to lowering costs and enhancing access.

___

(c)2020 The Free Press (Mankato, Minn.)

Visit The Free Press (Mankato, Minn.) at www.mankatofreepress.com

Distributed by Tribune Content Agency, LLC.

Older

Rep. Gianforte Introduces Bill to Expand Access to Telehealth Services for Seniors

Newer

Rep. Crist: Dismantling Affordable Care Act Would Leave 1.75 Million Floridians Without Coverage

Advisor News

  • House panel advances CLEAR Forms Act backed by IRI
  • Modifying life insurance based on evolving needs
  • Gen X faces ‘pension envy’ as they head into retirement
  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
More Advisor News

Annuity News

  • A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
  • AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
  • OID recovers $260M in life insurance benefits
  • NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity News

Health/Employee Benefits News

  • JEFF STONE: Trust In The Medical Industry
  • The Rising Cost of Healthcare, Explained
  • Health insurance premiums set to spike
  • Health insurance premiums set for biggest jump in 24 years
  • SHIIP counseling available this fall at KRHC
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Insurance Life Is Uncertain Get Life Insurance
  • Judge OKs class action against State Farm over PHL life insurance policies
  • AM Best Assigns Credit Ratings to Lasso Healthcare Insurance Company
  • A-Cap insurers face new takeover push in South Carolina
  • AM Best Affirms Credit Ratings and Assigns National Scale Rating to Allianz Ayudhya General Insurance Public Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.