Patients Deserve Price Tags Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Patients Deserve Price Tags Act aims to increase transparency in healthcare costs by requiring hospitals and laboratory tests to publicly disclose their standard charges and negotiated rates. It mandates a uniform method and format for price reporting, including information on discounted cash prices and payer-specific negotiations. The bill also introduces transparency requirements for clinical diagnostic laboratory tests and ambulatory surgical centers, with penalties for non-compliance.
Key provisions
- Hospitals must publicly disclose standard charges for items and services, including gross charges, discounted cash prices, and payer-specific negotiated rates.
- Clinical diagnostic laboratories must make public information about the prices of specified tests, similar to hospital charges.
- Ambulatory surgical centers must also publish their standard charges and prices for services.
- The Secretary of Health and Human Services will establish a standard, uniform method and format for price reporting.
- Hospitals and laboratories will be subject to civil monetary penalties for failing to comply with price transparency requirements.
- The bill includes provisions for monitoring compliance and providing technical assistance to healthcare providers.
- A senior official from each hospital must attest to the accuracy of the disclosed prices.
- The bill expands price transparency to include laboratory tests and ambulatory surgical centers.
Bill text
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Sponsors
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13 on record
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