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Bill > S4106


US S4106

Health Care PRICE Transparency Act Health Care Prices Revealed and Information to Consumers Explained Transparency Act


summary

Introduced
06/30/2020
In Committee
06/30/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Health Care PRICE Transparency Act Health Care Prices Revealed and Information to Consumers Explained Transparency Act

AI Summary

This bill, the Health Care PRICE Transparency Act (or the Health Care Prices Revealed and Information to Consumers Explained Transparency Act), amends the Public Health Service Act to require hospitals to publicly disclose their standard charges, including chargemaster rates, negotiated rates with third-party payers, and discounted cash prices, in a machine-readable format through open application programming interfaces (APIs). The bill also requires health insurance plans to provide enrollees with information on the specific negotiated payment rates between the plan and healthcare providers for all covered items and services, as well as aggregate information on payments made to out-of-network providers on behalf of plan enrollees. The goal of this legislation is to improve price transparency in the healthcare system, enabling consumers to make more informed decisions about their healthcare purchases.

Committee Categories

Health and Social Services

Sponsors (12)

Last Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 06/30/2020)

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