On May 9, 2019, President Donald Trump delivered a speech
criticizing the practice of surprise medical billing. He announced a general
plan of attack and hinted at a few specifics for curbing the trend.
The president’s speech aligned with this administration’s American Patients First initiative—a blueprint for lowering consumer health costs. Here are the four main regulatory aspects called out by the president, suggesting that they might be tackled first:
1) In
emergency situations, patients shouldn’t have to “bear the burden” of
out-of-network costs.
2) Balanced
billing should be prohibited for emergency care.
3) For
scheduled nonemergency care,
patients should receive an “honest” bill up front—including an itemized list of
out-of-pocket expenses the patient must cover.
4) Patients
should not receive a surprise bill from out-of-network providers they did not
choose themselves.
President Trump went on to state that any legislation would
cover all health insurance, regardless of how it was acquired. This means individual
and group coverage would still be afforded these protections.
In summary, this announcement keeps with this administration’s
commitment to lowering consumer health care costs through greater transparency.
The president ended the speech saying that the administration
will be going even further to help curb “out-of-control” drug costs. He even
hinted at future legislation that would be announced as soon as two weeks,
touting it as “one of the strongest things we’ve done as an administration.”
This means employers should stay tuned for more developments
as further price-lowering initiatives are unveiled and plan specifics are laid
out.
Source: Zywave, 2019
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