Newsroom Press Releases ENERGY AND COMMERCE, WAYS AND MEANS, AND EDUCATION AND THE WORKFORCE COMMITTEES INTRODUCE BIPARTISAN LEGISLATION TO LOWER COSTS AND INCREASE TRANSPARENCY FOR PATIENTS AND EMPLOYERS

Press Release

"Every day, Americans are forced to grapple with a health system that makes it nearly impossible to figure out the actual price for almost any type of treatment, medicine, drug, or procedure. Our response is simple: working families should not have to live at the mercy of large medical corporations who are too ashamed to list their prices publicly. The Lower Costs, More Transparency Act will bring honesty and clarity to the cost of health care by requiring health insurers, hospitals, and PBM middlemen to be transparent about the prices they charge patients. It will increase access to care for patients by combating consolidation in health care delivery that drives up costs by shining a light on the increasingly common practice of vertical integration. Transparency will also give patients confidence knowing what they will pay for their health care while creating incentives to lower prices. Thanks to the bipartisan efforts of Chair Rodgers and Chair Foxx and Ranking Member Pallone, this bill will move us towards a better health care system that is more accessible and affordable for the millions of Americans struggling to make ends meet and provide for their families."

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