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The Lower Costs, More Transparency Act: 9 things to know
Becker's Healthcare December 11, 2023
The House could vote this week on The Lower Costs, More Transparency Act, which would require hospitals, ambulatory surgery centers, labs, imaging service providers and pharmacy benefit managers to meet new price transparency requirements, among several other provisions.
The proposed legislation, introduced Sept. 8., aims to improve price transparency and lower overall costs for patients and employers. The bipartisan bill, aims to empower patients to shop for their healthcare and make more informed decisions by providing them with accurate and timely information about the cost of procedures and services.
Nine things to know about the proposed bill:
1. The legislation would require healthcare price information from hospitals, payers, labs, imaging providers and ASCs to publicly list the prices...
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