Explain the president s order and how it will bring down prices. Sec. Azar i think we will look back at this executive order as one of the major fundamental ships in American Health care reform that we will have ever experienced. For your viewers and folks like us who understand markets and customers, you cannot have a market without price and quality information. Ist the president is doing ordering us to have hospitals disclose information based on their negotiated rates they have been consumer friendly, machinereadable format. The is making us put out requirements so Insurance Companies give you the patient information on the list price, the negotiated price, and your expected outofpocket before you go to the doctor and before you go to the hospital so you can make an informed choice. David that sounds good. With marketsal believe in markets based on the transparency of information. As a practical matter, these things can get complicated. How are we going to make sure the information
Attacking guam. We will have more on that throughout the hour here after this interview. To missouri now. Hes the president and ceo of the Federal Reserve of st. Louis. Here is James Bullard in conversation with my colleague, Kathleen Hays in st. Louis. Welcome to a very special edition of the hays advantage on Bloomberg Radio and bloomberg at the federal bank of st. Louis for an exclusive interview with president jim bullard. Great to have you here. Thanks for coming to st. Louis. Kathleen its always fun. Thanks to your team and staff. You have been saying lots of interesting things about the economy and Monetary Policy. Just recently you said, do you think its best now to leave rates where we are. Earlier in the year you were more willing to say, maybe another rate hike, but now you say no, lowered unemployment will not you will not lead to higher inflation. Jim, jobs keep growing. Gdp has rebounded. Its above trend again. Some people think it will stay there. Its one more rate hike