Two House Democrats on Monday sought support from their colleagues regarding upcoming legislation on healthcare pricing transparency.
Lawmakers seek co-sponsors for healthcare pricing legislation
Reps. Jackie Speier (D-Calif.) and Jared Polis (D-Colo.) said in a letter that patients lack the information they need to “shop for” the best prices on procedures such as blood tests, colonoscopies and mammograms. The two lawmakers will soon introduce the Transparency in All Health Care Pricing Act of 2011 and have asked their House colleagues to endorse legislation by becoming original co-sponsors.
“Our bill requires that all healthcare providers—including hospitals, physicians, nurses, pharmacies and dentists—furnish patients with price disclosures at or before the time they receive a healthcare product service or treatment,” Speier and Polis wrote. “It builds upon the insurance reforms that were included in health reform by requiring that insurance companies post on their websites the items, services and treatments that are included in each plan, an explicit list of limitations and restrictions and the cost-sharing structure in place,” they continued. “Further, by requiring insurance companies to publish the average prices that they have negotiated between themselves and healthcare providers, we will be in a better position to hold insurers accountable for unreasonable rate increases.”
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