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On June 27, 2019, President Donald Trump signed an executive order aimed at improving price and quality transparency in health care. The order is intended to increase availability of health care price and quality information and protect patients from surprise medical bills.
The order directs federal agencies to issue guidance in a number of areas regarding health care costs. Part of the order is intended to expand access to high-deductible health plans (HDHPs) and flexible spending accounts (FSAs) and to more broadly define eligible medical expenses under Internal Revenue Code (Code) Section 213(d).
An executive order is a broad policy directive used to establish how laws will be enforced by the administration. The order does not make any changes to existing regulations, but directs federal agencies to issue new guidance to implement the order’s policies. As a result, the executive order’s specific impact will remain largely unclear until agencies can issue further guidance.
- The executive order is aimed at improving price and quality transparency in health care.
- Among other things, the executive order is intended to:
- Expand access to HDHPs and FSAs
- More broadly define eligible medical expenses under Code Section 213(d)
- June 27, 2019 – President Trump signed an executive order aimed at improving price and quality transparency in health care.
- Late 2019 – The order gives agencies between 90 and 180 days to draft regulations to implement the order’s policies.
Source: © 2019 Zywave, Inc.
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