S 1130
Health Care PRICE Transparency Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
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 a tool for consumers to estimate costs. Insurance plans must also publish in-network and out-of-network charges and negotiated drug prices, and provide a consumer-friendly cost estimation tool. The bill also updates requirements for insurance plans to provide cost-sharing information to consumers.
Sponsors
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Primary sponsor
Mike Braun
Cosponsor
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