by Axios | 5.16.19
This piece was authored by Axios, and its content solely reflects the published views of Axios and its journalists.
The Trump administration is considering requiring insurers to disclose their negotiated rates for services, which could affect insurers in the private market, the WSJ scooped yesterday.
Details: The White House also wants providers to tell patients the total cost of their care before they get the service, regardless of whether the provider is in the patients' insurance network.
If this happened, it would be a huge change from today's secretive pricing system. But it's unclear how well this transparency would work to bring down prices.
Go deeper: Transparency alone won't solve drug prices
Written by Axios
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