AN ACT relating to health care cost transparency. Create a new section of Subtitle 17A of KRS Chapter 304 to define "allowed amounts," "service," "program," and "shoppable health care service"; require providers to disclose allowed amounts of the service provided within 2 business days; require insurers to establish an interactive mechanism with payment information made by the insurer to providers and to provide a good-faith estimate of cost to the insured; require an insurer to develop an incentive program that shares cost savings with the insured based on the insured's choice; require the insurer to report information under the program to the Department of Insurance; require the Department of Insurance to report information to the Interim Joint Committee on Banking and Insurance; EFFECTIVE January 1, 2018.