Bill > HR5378

This bill, the "Lower Costs, More Transparency Act", aims to promote price transparency in the healthcare sector through a series of provisions: It requires hospitals to publicly disclose their standard charges and prices for various services, and establishes enforcement mechanisms including civil monetary penalties for non-compliance. It also mandates price transparency requirements for clinical diagnostic laboratory tests, imaging services, ambulatory surgical centers, health insurance plans, and pharmacy benefit managers. The bill seeks to increase access to health care price and quality data, and reduce hidden fees by strengthening disclosure requirements for covered service providers like pharmacy benefit managers and third-party administrators. Additionally, the bill extends funding for community health centers, the National Health Service Corps, and teaching health centers that operate graduate medical education programs, delays certain Medicaid disproportionate share payment cuts, and provides implementation funding to carry out the bill's provisions.