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House passes the Lower Costs, More Transparency Act
Becker's Healthcare December 12, 2023
On the evening of Dec. 11, the U.S. House voted in favor of moving The Lower Costs, More Transparency Act forward.
The proposed legislation passed the House on a bipartisan 320-71 vote. Introduced Sept. 8, the bill would require hospitals, ambulatory surgery centers, labs, imaging service providers and pharmacy benefit managers to meet new price transparency requirements, along with several additional provisions.
“This bipartisan legislation delivers on our commitment to lowering health care costs and providing increased transparency for patients — something 95 percent of Americans support,” Rep. Cathy McMorris Rodgers, House Energy and Commerce Committee chair, said in a Dec. 11 news release. “It helps Americans save money on out-of-pocket expenses and seniors save millions on medicines through...
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