Creates Health Care Cost Containment and Price Transparency Commission, Office of Healthcare Affordability and Transparency, and hospital price transparency regulations.*

This bill creates two new state entities: the Health Care Cost Containment and Price Transparency Commission (an 18-member body) and the Office of Healthcare Affordability and Transparency (within the Department of Health). It requires all New Jersey hospitals to publicly report detailed pricing data for services like inpatient care and emergency visits, and sets annual cost growth targets for healthcare entities. Hospitals failing to comply with transparency rules face civil penalties of $10 per day per bed, and are prohibited from collecting medical debt from patients until they comply. The bill appropriates up to $5 million to fund these new offices and their operations, aiming to increase price transparency and reduce healthcare cost growth.