Increases contribution limits to health savings accounts and mandates price transparency for hospitals, insurers, and laboratories.
The bill increases contribution limits to health savings accounts (HSAs) and introduces new requirements for price transparency in healthcare. It mandates that hospitals, insurers, and laboratories provide detailed information about standard charges, gross charges, and negotiated prices for various services and items. This includes making this information publicly available in a consumer-friendly format. The bill also establishes civil monetary penalties for non-compliance and requires certain entities to submit attestations of compliance to the Secretary.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.