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

This bill establishes two new entities in New Jersey: the Office of Healthcare Affordability and Transparency (within the Department of Health) and the Health Care Cost Containment and Price Transparency Commission. It requires hospitals, health insurers, and other healthcare providers to publicly report detailed pricing data for services like inpatient care, emergency visits, and physician services. The Commission will set annual benchmarks for healthcare cost growth and hospital pricing, monitor entities exceeding these benchmarks, and may impose public transparency requirements or civil penalties for noncompliance. These provisions directly affect all New Jersey hospitals, health insurers, and healthcare providers by mandating transparency in pricing and cost reporting to promote affordability.