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Banning Health Plan Fees on Providers for Electronic Payments

This bill aims to prohibit health plans from charging doctors and hospitals fees for electronic fund transfers and payment advice transactions. Effective January 1, 2025, this change is intended to streamline financial processes and reduce administrative burdens on healthcare providers. Citizens may benefit indirectly through potential stability in healthcare costs, as providers will receive full payment amounts promptly.
Key points
Health plans are forbidden from imposing any fees, charges, or payment withholdings on healthcare providers for electronic payments.
The prohibition applies to all electronic fund transfers and related payment advice transactions starting on January 1, 2025.
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Additional Information
Print number: 118_S_3805
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2024-02-27