House, Senate Bills Provide ‘Firmer Roadmap’ for Payer Price Transparency

The Lower Costs, More Transparency Act (H.R. 5378), which the U.S. House of Representatives passed on Dec. 11, contains several provisions that would impact health insurance companies such as the requirement that negotiated rates between payers and providers become public. Meanwhile, U.S. Sen. Mike Braun (R-Ind.) has proposed similar legislation that would amend the Public Health Service Act and provide for more health care price transparency.

Taken together with the implementation two years ago of transparency regulations for hospitals and insurers, the bills indicate “there’s a broad recognition that we’ve already moved forward in starting to make this data public, so let’s just improve that in a way that works,” according to Dania Palanker, assistant research professor at Georgetown University’s Center on Health Insurance Reforms.

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Tim Casey

Tim Casey

Tim has worked as a reporter and editor for more than 20 years. Before joining AIS Health in December 2021, he was a business reporter covering the commercial real estate industry’s capital markets for four years. He previously covered health care business issues for two medical publishing companies and high school, college and professional sports for the Sacramento Bee newspaper. Tim has a B.A. in Psychology from the University of Notre Dame and an M.B.A. from Georgetown University.

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