Senator Bill Cassidy, R-La shared a number of proposals to lower healthcare costs by requiring providers to provide pricing transparency for many common medical procedures. In what seems common sense, the Government and healthcare industry have continually made it difficult or impossible to pass legislation that requires price transparency for common medical procedures and testing.
Additionally, Senator Cassidy is pushing for legislation to banning "gag clauses" that prevent pharmacists from informing patients when they could save money on a drug by paying cash instead of using their insurance. This is legislation President Trump is also supporting so hopefully it will gain traction and help reduce the cost of prescriptions.
Will these important, cost saving changes happen? There is a very large healthcare lobby in Washington that is spending a lot of money to stop it. If history prevails, we will be talking about this for years to come.