Health Care Price Transparency Act of 2023

Bill 118 HR 4822, also known as the Health Care Price Transparency Act of 2023, aims to increase transparency in the pricing of health care services in the United States. The bill requires health care providers, including hospitals, physicians, and other medical professionals, to disclose the prices of their services to patients before they receive treatment.

Under the bill, health care providers must provide patients with a good faith estimate of the total cost of their services, including any out-of-pocket expenses that the patient may be responsible for. This information must be provided in a clear and understandable manner, allowing patients to make informed decisions about their health care.

Additionally, the bill requires health care providers to make their prices publicly available on their websites, allowing patients to compare prices and choose the most cost-effective option for their care. This increased transparency is intended to drive down health care costs and empower patients to take control of their health care spending. Overall, the Health Care Price Transparency Act of 2023 seeks to promote transparency and accountability in the health care industry, ultimately benefiting patients by helping them make more informed decisions about their health care.