“FAH believes that American consumers should have actionable out-of-pocket cost information to assist them in making important health care decisions. We appreciate the administration’s executive order where it will meet consumer transparency needs. If implementing regulations take the wrong course, however, it may undercut the way insurers pay for hospital services resulting in higher spending. The Federal Trade Commission has said that spending would likely increase if hospital-insurer payment arrangements were published.
“So much progress has been made in holding down health care prices. Now is not the time to increase the costs of care. Instead, we hope the administration will focus its effort to inform Americans on their out-of-pocket costs. We look forward to working with the administration to assure that transparency works for Americans when they seek health care.”