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June 25, 2019
WASHINGTON — President Donald Trump will signed an executive order Monday that calls for upfront disclosure by hospitals of actual prices for common tests and procedures to keep costs down, administration officials said.
Health and Human Services Secretary Alex Azar told reporters the idea is to give patients practical information that they can use to help save money. For example, if a hospital charges your insurer $3,500 for a type of echocardiogram and the same test costs $550 in a doctor's office, you might go for the lower-price procedure to save on copays.
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