Clinical Laboratory Price Transparency Act of 2023

Bill 118 hr 4882, also known as the Clinical Laboratory Price Transparency Act of 2023, aims to increase transparency in pricing for clinical laboratory services. The bill requires clinical laboratories to provide patients with a clear, itemized list of prices for common tests and procedures before they are performed. This will allow patients to compare prices between different laboratories and make more informed decisions about their healthcare.

Additionally, the bill requires clinical laboratories to disclose any discounts or rebates they receive from insurance companies or other third-party payers. This will help patients understand the true cost of their tests and procedures, and prevent surprise billing.

The Clinical Laboratory Price Transparency Act of 2023 also includes provisions to protect patients from price gouging. It prohibits clinical laboratories from charging unreasonable prices for tests and procedures, and requires them to justify any price increases to a regulatory body. Overall, this bill aims to empower patients to make more informed decisions about their healthcare and protect them from unfair pricing practices in the clinical laboratory industry.