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Medicare Lab Price Transparency: More Information for Patients

This bill aims to increase price transparency for laboratory tests for individuals using the Medicare program. Starting in 2025, laboratories will be required to publicly disclose test prices, making it easier for citizens to compare costs and make informed healthcare decisions. This should help in better managing personal finances related to medical care.
Key points
Laboratories must publish diagnostic test prices online starting January 1, 2025.
Information will include cash prices and de-identified minimum/maximum negotiated rates with insurers.
Financial penalties will be imposed on non-compliant laboratories, with potential waivers for hardship cases.
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Additional Information
Clinical Laboratory Price Transparency Act of 2023
Print number: HR 4882
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2023-07-25