“When consumers have access to information and can easily compare products, they end up saving money and are happier with their purchase. That certainly holds true for health care. There’s too much secrecy in the industry, from why prescription drugs cost what they do to how much an extended stay in the hospital will end up costing after being discharged. Increasing transparency holds hospitals, health care providers, insurance companies and pharmaceutical companies accountable for what they charge patients. When big companies hide behind complicated bureaucracies, prices are higher, there are more surprise bills and there is reduced access to health care.
“President Trump’s executive order will take this problem head on. It’s the right thing to do for every patient in America. I’ll also continue working with the Trump administration and my colleagues in Congress to build on this progress and pass reforms that will improve access and lower the cost of health care for everyone.”