An Act relative to price-fixing prohibition and consumer transparency
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to strengthen laws against price-fixing and increase transparency for consumers, particularly in sectors like insurance. It seeks to ensure that consumers have clear information about pricing practices and network access. The legislation focuses on preventing coordinated efforts to artificially inflate prices and promoting fair competition. By increasing transparency, the bill intends to empower consumers to make informed decisions.
Key provisions
- Prohibits price-fixing agreements among businesses.
- Requires businesses to disclose pricing information to consumers.
- Addresses transparency in insurance provider networks.
- Supports investigations into potential price-fixing violations.
- Establishes guidelines for transparent pricing practices.
- Mandates clear communication regarding network limitations.
- Promotes competition by preventing anti-competitive practices.
- Requires reporting of suspected price-fixing activity.
Who is affected
- Consumers
- Businesses
- Insurance providers
- Healthcare providers
- The general public
Notable changes
- The bill seeks to expand existing consumer protection laws.
- It builds upon previous attempts to increase transparency in insurance networks.
- It aims to create a more competitive marketplace by preventing collusion.
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
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