HR 267

This bill, the Health Care Prices Revealed and Information to Consumers Explained Transparency Act, aims to increase price transparency in the healthcare system. It requires hospitals to publicly disclose standard charges, negotiated rates, and cash discounts for services, as well as information about billing codes. Insurance plans must also publish in-network and out-of-network costs and negotiated drug prices, providing consumers with a tool to estimate their potential expenses. The bill also expands transparency requirements for insurance coverage, including allowing consumers to access information about out-of-network costs and negotiated rates.