On June 24, the President issued an Executive Order that directs the various departments to draft regulations “to enhance the ability of patients to choose the healthcare that is best for them.” The order itself does not contain substantive details on what these regulations will entail, rather its a directive to the Departments to act within 60 to 120 days (depending on the specific issue at hand). Once such regulations are released, there will then be a comment period before they become final.

Areas the Departments have been instructed to address include:

• Price transparency for hospital charges, consumer out of pocket costs, and a health quality report

• Surprise Medical Bills

• Increased to FSA carryover and increased flexibility for HSAs

• Establishing a ‘health quality roadmap’ and easier access to related data for individuals

Click here to view the Executive Order in its entirety.