Bill > HR7676

This bill, the Health Care PRICE Transparency Act (or the Health Care Prices Revealed and Information to Consumers Explained Transparency Act), aims to increase price transparency in the healthcare industry. The key provisions include: 1. Requiring hospitals to publicly disclose their "standard charges" for all items and services, including chargemaster rates, negotiated rates with third-party payers, discounted cash prices, and other rates determined by the Secretary, in a machine-readable format and via open application programming interfaces (APIs). Hospitals that fail to comply can be subject to civil monetary penalties. 2. Amending the Patient Protection and Affordable Care Act to require health insurance plans to disclose more information about their negotiated payment rates with in-network and out-of-network healthcare providers, as well as the delivery methods and use of such information by plan enrollees, in a machine-readable format and via open APIs. The overall goal of the bill is to provide consumers with more comprehensive and accessible information about healthcare prices, allowing them to make more informed decisions about their medical care.

Business and Industry

https://www.congress.gov/bill/116th-congress/house-bill/7676/all-info