Trump administration pushes for transparency in health care costs

The administration announced a plan Friday that would require hospitals to disclose negotiated rates with insurance companies in an effort to increase transparency for consumers.
1:52 | 11/15/19

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Transcript for Trump administration pushes for transparency in health care costs
So I signed has you know an executive order historic. And we're requiring price transparency. In health care forcing companies to compete. For your business is a very important thing that we've done here I don't think we covered by U but it will be in the years to come. Our goal is to give patients the knowledge they need. About the real price of health care services they'll be able to check them comparing go to different locations. So they can shop for the highest quality care at the lowest cost. And this is about high quality game you're also looking at that you look at it comparisons between talents. Which is very important and then you're also looking at cost in some cases you get the best doctor for the lowest book system. That's a good thing. Today I'm proud to announce two new actions implementing. That order first we are finalizing the rules. There will compel hospitals to publish prices. Publicly on the line for everyone to see anti comparison accurately go online and a payroll of the hospitals and the doctors and the prices and I assume get Reza Mays doctors and secretly alike and the good doctors like assume these two guys have been testing doctors at. The bad doctors I guess they have to go high someplace maybe they don't do so well I don't know. But it cannot currently we are more interested in the good ones cope rewarding talent. Second we're putting forward a proposed rule to require health insurance providers to disclose their pricing information. To consumers. Who are giving American family's control of the health care decisions. And the freedom to choose that care. Is right before them when the Internet and elsewhere but on the Internet very very open very transparent that's what's called transparency.

This transcript has been automatically generated and may not be 100% accurate.

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