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:
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.
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