What is the official ID of this bill?
The official print number for this legislation is HR 3281.
Hospital and Insurer Price Transparency Act
New regulations aim to increase transparency in medical services and health insurance prices. Hospitals will be required to publicly disclose price lists, and insurers will provide detailed information on treatment costs. This will allow citizens to more easily compare prices and better plan their healthcare expenses.
Key points
Hospitals must publish comprehensive price lists for services, including gross charges, payer-specific negotiated charges, and discounted cash prices, in an easily accessible online format.
Health insurers will be required to provide online tools allowing individuals to estimate treatment costs, including deductibles and co-payments, before receiving services.
Financial penalties are introduced for hospitals failing to comply with price transparency rules, along with a public list of non-compliant hospitals.
The act mandates regular monitoring of the accuracy and validity of pricing information displayed by hospitals.
Status:
Expired
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