Expands access to and lowers the cost of health care by implementing various transparency and negotiation measures.

The bill aims to expand access to and lower the cost of health care through several measures. It mandates that group health plans and health insurance issuers provide coverage for selected insulin products without imposing deductibles or cost-sharing exceeding $35 per 30-day supply. It also requires plans to implement a clear process for participants or beneficiaries to request exceptions to medication step therapy protocols. Additionally, the bill strengthens hospital price transparency by requiring hospitals to publicly disclose standard charges and ownership information.

Expands access to and lowers the cost of health care by implementing various transparency and negotiation measures.

The bill aims to expand access to and lower the cost of health care through several measures. It mandates that group health plans and health insurance issuers provide coverage for selected insulin products without imposing deductibles or cost-sharing exceeding $35 per 30-day supply. It also requires plans to implement a clear process for participants or beneficiaries to request exceptions to medication step therapy protocols. Additionally, the bill strengthens hospital price transparency by requiring hospitals to publicly disclose standard charges and ownership information.