Watch live: Trump signs executive order on health care transparency
Watch live: Trump signs executive order on health care transparency Watch live: Trump signs executive order on health care transparencyLadies and gentleman, the president of the United States, thank you very much. That’S very nice! Thank you very much. Everybody return something right. Lately, that’s very nice. I appreciate it very much and welcome to the White House great place no place like it actually we’re here to announce new groundbreaking actions that were taken to dramatically increase quality, affordability and fairness to our Healthcare System is Landmark. Initiative continues our campaign to put American patience for a sister’s, a truly big action. People have no idea how big it is. Some people say bigger than health care itself. This is something that’s going to be a very important for too long, it’s been virtually impossible for Americans to know the real price and quality of healthcare services and the services they received. As a result, patients face significant obstacles, shopping for the best care at the best price, driving up healthcare costs for everyone. With today’s historic action, we are fundamentally changing the nature of the healthcare Marketplace. This is bigger than anything we’ve done in this particular realm and probably Alex it’s not even close from what they’re telling me we will Empower patients with information, they need to search for the lowest cost and the highest quality Care, in other words, he’ll, be able to Seek out their doctor seek out the doctor, they want and they’ll be given vast amount of information about those. we’re grateful to be joined by secretary Alex Azar and administrator Seema Verma. Thank you very much, and I also want to recognize and thank great Senator Chuck Grassley.. Thank you very much and by the way John ethanol E15 right finger. He fought so hard he’s tough when he goes after his brutal, but he gets what he wants play chapter 8, great job appreciate it and that’s all year round did Mike Braun Mike. Thank you. Thank you Mike great job, you’re doing representative Greg Walden. We work so hard together on right to try Greg tonight right to try. People are loving it Michael Burgess, Doug, Collins, Devin, Devin Nunes. Thank you all credible people, Lieutenant Governor’s Jeff Duncan and Dan Forest. Thank you. Fallas, thank you. Thank you. You didn’t get a very good. I can’t believe it’s not like you and all of our great state legislators have a lot of them with us today. A lot of great medical people in doctors for decades, powerful insurance companies, lobbying special interest, have denied the public access to the real cost of the healthcare services they provide. It’S that simple. This lack of price transparency has enriched industry Giants greatly, costing American the billions of dollars a year. Patients have been billed nearly $ 800 for sailing more than $ 6,000 for a drug test at the simplest method used and $ 6,000. I’Ve seen them and over $ 17,000 for stitches to just stitch up a wound. Often, prices differ drastically between providers and hospitals for the exact same services, there’s no consistency, there’s no predictability and, as frankly, no Rhyme or Reason to what’s been happening for so many years. As a result, American such as Erica Jay, who is here today, find themselves and deeply unfair situations, Erika police, if you would come up and just explain what happened to you. Thank you very much. Thank you very much over the last three and a half years. While fighting is stage 3 cancer, we visited many Healthcare facilities. We saw price variations that just caught us off-guard, really surprised us by surprise from one facility to the next, and it causes financial hardship and example of this is when I had two identical bone: biopsy procedures only 11 days apart at facilities that were only 17 miles Apart Heather, we learned when we received the bills for the second procedure, that it cost us more than three hundred and 30 %. Then the first time we had it done different facility, identical procedure drastically different pricing. This is one of many stories our family has. If price transparency had been required, we would have been empowered to find the best pricing for my care saving thousands of dollars over the last 3 years. Mr. president, thank you for this executive order and thank you for empowering in helping families like mine all over the nation. Thanks very much Erika. We believe the American people have a right to know the price of services before they go to visit. The doctor there for just a few moments I’ll be signing a break through executive order. It will create unprecedented transparency about Healthcare prices and provide this information to the American people for the first time ever. First time it’s ever been done. People do what should have been done years ago, but they never got it done. I wonder why, with this order, hospitals will be required to publish prices that reflect what people actually pay for services in a way, that’s clear, straightforward, an accessible to all and you’ll be able to price it among many different potential providers. Are you get great pricing prices? Will come down by numbers that you won’t even believe you won’t even believe it more price? Transparency will mean more competition and the cost of healthcare will go way way down. Vanderbilt Economist, highly respected doctor Larry Van Horn is here with us. Larry was introduced to me by a gentleman who is a great gentleman, great Economist, art, Laffer and art Laffer just got as you know, Larry just got the presidential medal of freedom couple of days ago and was telling me that he’s the head of a hospital where It comes from it’s on the board and they did this. He said it is beyond anything he seen from an economic standpoint and even Health standpoint. I said: let’s talk about it and we discussed it and it’s something that one very well but a lot of people. Don’T do it because they won’t be some rich people that will be too happy about this, but the people will be happy about it, so Larry figure so Larry. If you would something before Larry gets up. One of the other big benefit shoes are really good doctors. The good doctors and they should be the beneficiary – is not the bad doctors, but the good doctors – and I think, all of the doctors in the Odin’s know exactly what I’m talking about. So thank you for being here cuz. I guarantee Euro, probably very good. Doctors soleri. If you would, please come up and share a little of your wisdom and what this is all about. Thank you. Thank you very much. Thank you, mr. president, for taking this action that will put Healthcare information in the hands of the American Consumer. I just truly will be transformational for years. I studied the impact of crisis and, what’s that hat the impact it had on markets, Healthcare markets as well as American consumers? My analysis suggests that when cash prices are transparent up front in the market on average, there 39 percent cheaper than the amounts that third party payers pay for like Services. Even when insurance covers the cost, there was an average of 300 % price variation within a market across for the exact same Services. Your Healthcare transparency initiative will Empower consumers and use free market forces to drive Healthcare Market stores, lower prices, that are outcomes, greater access and greater value. But this is bigger than Healthcare. Lower prices for healthcare leave more money in America’s wallets and in their paychecks for the purchase of all other goods and services that are important parts of their lives. This will be good for a mare and good for Americans. Thank you very much. Today’S action is not just about lower prices, it’s also about helping Americans find excellent care. Currently, patients do not have adequate tools to find the doctors who would deliver Better Health outcomes at an affordable cost and when they used to talk about Obamacare, you can keep your doctor that turned out to be a lie. 28 different times that turned out to be a lie here you can keep your doctor, but you can also maybe find somebody other than your doctor at your choice and that would be based on talent that also be based on price because of this you’ll be able To search out for the right doctor – and it really is, in the truest sense, the opposite of Obamacare – you get much better pricing and you’ll get the doctor that you want it. Maybe you’ll get better than the doctor that you originally thought about pretty incredible, low-quality care. Often means unnecessary services, for example, a bad doctor May routinely perform an expensive spinal surgery for back pain without first trying physical therapy. That’S why my order directs agencies to help inform the public about the quality of doctors and hospitals by leveraging all of this data by making much better use of this. cremation, we will save money and save lives, and your care will be much better. Zinncredible. We’Re also joined today by dr. Elena Georgia, longtime advocate for patients Atlanta. Please come up and tell him a little bit what transparency means. Thank? U I love being a doctor. One of the most challenging things have been the inability to Be an Effective advocate for my patients. I’Ve had patients deny themselves care because they don’t know how much a service will cost or Worse, be stuck with a costly bill that he didn’t expect. I have felt our list of times because of my inability to help them, especially if I have to send them to a hospital and we can’t find out the price of the service price. Transparency is the solution to this problem. When patients become Health Care, consumers try prices down, quality up and, most importantly, Health doctors serve their patients better. Thank you, President Trump, for this executive order. Rachel. Thank you Atlanta. As we fight to increase transparency and lower costs for patients more than 120 demo catching Congress support Bernie Sanders socialist takeover of American Healthcare. It’S very dangerous. The Democrat plan would terminate the Private health insurance of over 180 million. Americans were really happy with what under my Administration, we will never let that happen. We believe in giving patients giving patients Choice, freedom and Healthcare ensuring access to the doctors, they want to treatments, they need and the highest standard of Medical Care anywhere in the world, and this will make it much better than it’s ever been. This is a truly historic day. I don’t know that it’ll be covered that way by the fake news, but this is truly a historic day. This is a very big thing. That’S happening right now and it’s so pretty much going to blow everything away Alex as we discussed. People never thought to see us do this. We’Re making new, Affordable Health Options available to millions of American workers through the association Health Plans, short-term plans, Health reimbursement Arrangements, we’re working with Congress to stop surprise medical building. And when you hear surprise and when we hear surprise medical bill, when I’m talking about a positive surprise, were talking about and I’m not surprised, OG how happy? I am you talking about like a disaster, because no American should be blindsided by bills for legal service. They never agreed to in advance because it’s really hard and that stops works. Getting access to tax-free health savings accounts to give critically ill patients access to life-saving Q. As we passed right to try, we would help so much by these gentlemen in the front row. What a what a job you all did, and I really appreciate it: okay, that was really great. We think in terms of the house cuz, I know how hard you fought for Greg and Doug. You guys were amazing, but I know you were in this one. Very very hard with everything else you do, but I appreciate it and very people would have done that. You know right to tries interesting because it’s been they’ve been trying to get it for 45 years and they couldn’t do it and it sounds simple, but it’s not because everybody had a reason for not wanting at the end. Japanese didn’t want it. Cuz of liabilities. The country didn’t want it because they didn’t want to be sued, but now you have terminally ill patients that used to if they were Rich enough, that go to Asia that go to Europe that go all over the world. Looking for a cure – and we have the greatest. in the world right here – the greatest lab technicians and labs and medical leave everything, but it takes a. Of time to get a certain potential cure approved sometimes 15 years and by the way, we’re brought that down. To probably an adverb, but you need time because you don’t want to hurt anybody, but these are patients that are terminally ill and they didn’t want to give him a potential killer because they didn’t want to hurt him, but that terminally ill. So we agreed that people would sign a waiver nobody’s going to be held liable. The drug companies which didn’t want it because they didn’t want it on their record. We made it a much less part of their record. We set up different standards were being other parts which was great for them, and everybody’s happy many lives have been saved. We had one the other day that was so incredible young, incredible young woman, where they made a medical mistake, and it was over for her. They were explaining last rites and then all of a sudden she do isn’t she’s now healthy. They think she’s going to be actually fine. You might have seen it it’s been. It was actually an incredible thing, so I’m really happy. I talked about it. A lot right to try something that sounds so simple and yet trying to get it approved and they got it and just so you feel good Greg and Doug and everybody a tremendous success. Have you been seeing what’s going on so many people? That would definitely not going to make it are now living and in many cases there going to be just fine, so it says something very sweet. You can all be very proud of that show for the first time, in a long time, we’re doing things that nobody’s ever done before from the standpoint of what we’re here, for we eliminated Obamacare individual mandate penalty, which was the most unpopular thing in Obamacare. By far and I had a decision to make a job: well there you can blame Obama and the Democrats if we do a good job to get a little bit more credit, but it’s still very faulty. It doesn’t work and it’s too expensive and I told a great secretary Alex Azar: don’t do a good job, do a great job. Do what you have to do work with the states do whatever you have to do to make it as good as possible. Once we got rid of the individual mandate that made it better, but care doesn’t work, but it works at least adequately now and we had that choice to make and politically is probably not a good thing that I did. But it’s the right thing to do for a lot of people, so I want to thank you and I want to thank him for doing a fantastic job. I appreciate it and we spend a lot of time defending Medicare and Social Security and we’re always going to protect patients with pre-existing conditions. People don’t understand that that we are fine very, very hard to get it taken care of for pre-existing conditions, and we weren’t that wouldn’t happen, but the Republicans are very much behind that totally behind that, and we do anything if you see anything a little unusual because We’Re putting in very, very strong taking care of patients with pre-existing existing conditions, and I would say, Alex that that is really a very strong Foundation of what we’re doing and what were about such very important. To gather. We’Re taking power away from bureaucrats would take it away from insurance companies that away from special interests would giving that power back to patients and we’re giving Americans the right to know. So we the right to try and now we have the right to know and the right to negotiate the right to pick your own doctor and the right to get great prices and other than that you know what can I tell you can do better than that, But we’re taking one more giant step toward your system in a Healthcare System. That’S really fantastic and it’s going to be good and it’s going to work for the people. So I just want to thank everybody for being here. I’M going to go and sign the executive order, and if this is a half as big as some saying it will be, it’ll be one of the biggest things ever in this world and profession. And I want to especially thank all of the doctors for being here. With a lot of doctors in this room and they’re very proud of what they do and they want to have our system work, and this is something that I think is going to get it to really work efficiently in well. Thank you very much for being here. I’M going to sign the executive order. Thank you duck. I need a prostitute, Historic Site in Mesa, Arizona, Watch live coverage as President Trump signs an executive order to improve price and quality transparency in health care.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and original digital videos. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations.
Connect with NBC News Online!
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Follow NBC News on Instagram: http://nbcnews.to/InstaNBC
Watch live: Trump signs executive order on health care transparency