Health Care PRICE Transparency Act

2/6/2025, 1:08 AM
Congress
119

Number
HR - 267

Introduced on
2025-01-09

# Amendments
0

Sponsors
Warren Davidson

Variations and Revisions

1/9/2025

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Health Care Prices Revealed and Information to Consumers Explained Transparency Act or the Health Care PRICE Transparency Act

This bill provides statutory authority for requirements for hospitals and health insurance plans to disclose certain information about the costs for items and services.

Specifically, hospitals must publish in their list of standard charges certain rates negotiated with insurers, discounts for cash payments, and billing codes. Further, hospitals generally must publish the standard charges for the services provided by the hospital that may be scheduled in advance.

Additionally, insurance plans must publish the in-network and out-of-network charges for covered items and services and the negotiated prices for covered prescription drugs. Plans must provide a tool for consumers to search for this cost information. Consumers also may request additional information about the costs of specific items or services under their plans.

Bill 119 HR 267, also known as the Hospital and Insurer Price Transparency Act, aims to amend the Public Health Service Act in order to increase transparency in hospital and insurer pricing. The bill requires hospitals to disclose the prices they charge for their services, including the negotiated rates with insurers. This information must be made available to the public in a clear and easily accessible manner.

Additionally, the bill requires insurers to provide consumers with personalized cost estimates for their healthcare services, taking into account their specific insurance coverage. This will allow individuals to better understand the costs associated with their healthcare and make more informed decisions about their care.

Overall, the goal of Bill 119 HR 267 is to empower consumers by providing them with the information they need to make educated choices about their healthcare. By increasing transparency in hospital and insurer pricing, the bill aims to promote competition and drive down healthcare costs for all Americans.
Alternative Names
Official Title as IntroducedTo amend the Public Health Service Act to provide for hospital and insurer price transparency.

Comments

Recent Activity

Latest Summary3/7/2025

Health Care Prices Revealed and Information to Consumers Explained Transparency Act or the Health Care PRICE Transparency Act

This bill provides statutory authority for requirements for hospitals and health insurance pla...


Latest Action1/9/2025
Referred to the House Committee on Energy and Commerce.