President Trump says his new transparency plan will bring down the cost of healthcare.
The administration wants to force hospitals and insurance companies to disclose, up front, the full cost of all medical treatment. They say this will bring prices down by helping people shop for better deals on medical services.
Critics say this will make Americans delay or skip treatment if they know the price and say it could make hospitals start raising their prices if they see what other hospitals charge. But, some say after decades of skyrocketing rates, anything is worth a try.
Most health insurance companies are against the new transparency rule, and some say they’re planning to challenge it in court.