President Donald Trump smiles as he meets with President Nayib Bukele of El Salvador in the Oval Office of the White House on April 14, 2025 in Washington, D.C. (Win McNamee/Getty Images)
The departments will ensure hospitals and insurers disclose actual prices, not estimates, and take action to make prices comparable across hospitals and insurers, including prescription drug prices.
PRA says that more than 1 in 3 Americans postponed or avoided care due to "fear of unknown costs" and that 100 million Americans are in medical debt, which represents the country's largest cause of personal bankruptcy.
"The magnitude of President Trump's delivering 'radical' price transparency in healthcare is historic," Cynthia Fisher, founder and chairman of PatientRightsAdvocate.org, said in a statement.
SOARING MEDICARE PRESCRIPTION DRUG PRICES TARGETED IN TRUMP'S NEW EXECUTIVE ORDER
Billboard touting President Donald Trump's healthcare executive order set to run in Times Square. (Fox News Digital)
The White House claims one economic analysis found Trump’s original price transparency rules, if fully implemented, could deliver savings of $80 billion for consumers, employers and insurers by 2025.
"The hospital wanted me to pay $3,700 up front for a simple fibroid removal surgery," Arizona patient Theresa Schmotzer said in a statement at the time of the billboard's placement. "Because that seemed high, I went looking for what it should cost. I found the actual price online and saw that my share was only $700 not $3,700. Because I had access to real prices, not estimates, I saved $3,000. President Trump’s executive order on healthcare price transparency will allow more people to find real prices and save."
States across the country have been pushing similar measures in the form of legislation to ensure that patients are given more transparency about the healthcare costs they are assuming, including in Ohio, where legislation was recently signed into law requiring hospitals to post exact prices in dollars and cents for all available services.
"They’ll be able to check them, compare them, go to different locations, so they can shop for the highest-quality care at the lowest cost," Trump wrote in a statement when he signed the executive order. "And this is about high-quality care. You’re also looking at that. You’re looking at comparisons between talents, which is very important. And, then, you’re also looking at cost. And, in some cases, you get the best doctor for the lowest cost. That’s a good thing."
Fox News Digital's Alexandra Koch contributed to this report.
Andrew Mark Miller is a reporter at Fox News. Find him on Twitter @andymarkmiller and email tips to AndrewMark.Miller@Fox.com.
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