Bill > HR3281

This bill, the Transparent PRICE Act, aims to promote hospital and insurer price transparency. Key provisions include: 1. Requiring hospitals to publish a list of standard charges for shoppable services in a machine-readable and consumer-friendly format, updated at least annually. This list must include details like the gross charge, negotiated charges, and discounted cash price for each service. 2. Authorizing the Secretary of Health and Human Services to monitor the accuracy of this pricing information and impose civil monetary penalties on non-compliant hospitals. 3. Requiring health plans to provide enrollees with real-time information on in-network rates, maximum allowed amounts, cost-sharing, and other details for covered items and services through an online self-service tool. 4. Mandating health plans to regularly submit and make public their negotiated rates with in-network providers and amounts paid to out-of-network providers. The bill also includes reporting requirements for the government to assess compliance, enforcement, and trends in negotiated prices across different healthcare sectors.