Transparent PRICE Act
The Transparent PRICE Act (HR 3281) requires hospitals to publish detailed pricing information for at least 300 "shoppable" healthcare services in a consumer-friendly, machine-readable format. This includes standard charges, gross charges, negotiated rates with specific insurers, de-identified maximum/minimum negotiated charges, and discounted cash prices. The bill also mandates health insurance plans to provide transparent coverage information through self-service tools showing in-network rates, out-of-pocket costs, and coverage limitations. Hospitals failing to comply face civil monetary penalties, with fines up to $5 million annually for larger facilities. The law aims to increase price transparency in healthcare, helping consumers and employers make informed decisions about healthcare services.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 15, 2023
Last action May 17, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
4
May 17, 2023
Lower · Passed
Forwarded by Subcommittee to Full Committee in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 0 .
lower
May 17, 2023
Lower · Passed
Subcommittee Consideration and Mark-up Session Held.
lower
May 15, 2023
Committee
Referred to the Subcommittee on Health.
lower
May 15, 2023
Committee
Referred to the House Committee on Energy and Commerce.
lower
May 15, 2023
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Cathy McMorris Rodgers
RRepublican
Co
Donald G. Davis
DDemocratic
Co
Frank Pallone, Jr.
DDemocratic
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