Trump Administration finalizes requirement for insurers to disclose actual prices to consumers

The AP (10/29, Alonso-Zaldivar) reported the Trump Administration “finalized a requirement for insurers to tell consumers up front the actual prices for common tests and procedures.” The AP added that “a related Trump Administration price disclosure requirement applying to hospitals is facing a federal lawsuit from the industry, alleging coercion and interference with business practices.”

The Hill (10/29, Weixel, 2.98M) reported under the new rule that “insurers will be required to publicly post, in advance, the price for the most common services and procedures” with the goal of increasing transparency in the healthcare sector.