President Donald Trump on Tuesday signed an executive order directing the departments of the Treasury, Labor, and Health and Human Services to make healthcare prices transparent.
The order directs the departments to “rapidly implement and enforce” the Trump healthcare price transparency regulations, which he claims were slowed by the Biden administration.
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.
In addition, they will be required to update their enforcement policies to ensure hospitals and insurers are in compliance with requirements to make prices transparent.
Fox News Digital previously reported the administration’s tariffs on China will affect drug costs.
Consumers are more dependent on China for medications for anxiety and other psychiatric disorders, such as antidepressants.
Alexandra Koch is a breaking news writer for Fox News Digital. Prior to joining Fox News, Alexandra covered breaking news, crime, religion, and the military in the southeast.
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