Former President Trump's rule requiring health insurers and self-insured plans to disclose the exact cost of their services went live on Friday, and it is set to drive health insurance costs down while also making life easier for Americans.
Trump enacted the rule in October 2020 before he lost his bid for reelection in November of 2020.
Matt Stoller of the American Economic Liberties Project explained that "Donald Trump really does deserve credit for this anti-monopoly rule on price transparency for insurers, hospitals, doctors, et al."
Trump's new rule is a gamechanger for an area of life that is growing increasingly expensive and, in some cases, unaffordable for the regular American.
Health care expenses reach into the multi-trillion-dollar range, and that is likely to get even worse with inflation skyrocketing.
Now health insurers will be held accountable and will be forced to compete as Americans can now compare and contrast the services available to them. This change was a long time coming and a good reminder of just how good things were with Donald Trump in charge.
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