Ways and Means Committee May 17, 2023
WASHINGTON, D.C. – Price transparency can lower costs and improve health outcomes for families, workers, and small businesses, witnesses testified at a Ways and Means Committee hearing on health care price transparency. Witnesses shared their firsthand experience of using price transparency to benefit patients seeking care or small businesses sponsoring insurance for their employees. Unfortunately, the Biden Administration has thus far failed to fully enforce Trump-era price transparency rules, allowing hospitals to continue leaving cash-strapped patients in the dark on the cost of their care. To help patients, the Administration should fully enforce existing price transparency rules and Congress should look at more ways to empower patients to unleash price transparency through tools like modernized Health Savings Accounts to access...
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