Patients Deserve Price Tags Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- 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, establishes a process for monitoring compliance, and introduces penalties for non-compliance. The bill also expands price transparency requirements to include clinical diagnostic laboratory tests and ambulatory surgical centers, requiring them to disclose similar pricing information.
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 pricing information for specified tests.
- Ambulatory surgical centers must also disclose pricing information, similar to hospitals.
- The Secretary of Health and Human Services will establish a standard, uniform method and format for price reporting.
- Hospitals and laboratories subject to the transparency requirements will be subject to civil monetary penalties for non-compliance.
- A monitoring process will be implemented to review hospital compliance.
- The bill includes provisions for technical assistance to hospitals and laboratories to aid in compliance.
- The bill expands price transparency to include laboratory tests and ambulatory surgical centers.
Who is affected
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25 on record
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