Medical Economics August 7, 2023
Employers and patients need access to these actual health plan rates to know what they are expected to pay.
The House Ways and Means Committee introduced healthcare reform legislation last week just in time for the summer recess. Unfortunately, the bill doesn’t have the same potential impact as competing legislation from the House Energy and Commerce Committee called the Patient Act.
Where does this new bill fall short? It doesn’t include the same robust price transparency measures that can lead to substantial savings for individuals and employers. It doesn’t require hospitals to post all their negotiated rates with health insurers as demanded by an existing hospital price transparency rule that the Patient Act codifies and strengthens.
Employers and all patients...