Senator Braun Praises President Trump's Expected Transparency Rule for Hospitals & Insurance Companies

Statement

Today, U.S. Senator Mike Braun applauds President Trump's decision to force hospitals and insurance companies to disclose their secret negotiated rates and publicize their costs.

The executive action mirrors a bill from Senator Braun called S.913, the True Price Act, which would require health insurers to disclose negotiated rates--including any cost-sharing obligations for consumers--for health care services covered under their health plans to increase transparency and competition, putting the decision-making power into the hands of the American consumer.

Braun recently penned an op-ed in The Hill praising President Trump for bringing transparency to the U.S. healthcare market and his decision for hospitals to disclose publicly negotiated prices. Additionally, this week at an event hosted by Axios, Braun said Republicans will be on the wrong side of history with Medicare-for-All if we can't convince the industry to reform itself.

"Through a lack of transparency and competition, the healthcare industry has refused to participate in market-driven practices, and President Trump's decisive action today will finally force hospitals and insurance companies to disclose their secret negotiated rates," said U.S. Senator Mike Braun. "It's time for the healthcare industry to get their act together, otherwise they have one customer - the federal government - and every American will be stuck with this shoddy healthcare plan called Medicare-for-All."

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