HR 4905 United States House · 118th Congress

Health Insurance Price Transparency Act of 2023

The Health Insurance Price Transparency Act of 2023 requires most group health plans and health insurance issuers to provide clear, upfront pricing information to consumers. It mandates that plans make cost-sharing details (like deductibles and copayments) available to individuals through user-friendly online tools that provide real-time responses. The bill also requires plans to publicly post detailed rate and payment information, including in-network rates, maximum allowed amounts, and payment details for drugs and services, in machine-readable formats that can be easily compared. These requirements apply to most group health plans (excluding grandfathered plans) and take effect for plan years beginning two years after the law's enactment.

Issues: ✓ Healthcare

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2023

Committee Review

Floor Vote

President

Introduced Jul 26, 2023 Last action Dec 17, 2024

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Dec 17, 2024

Committee

Referred to the Subcommittee on Health.

lower

Jul 28, 2023

Committee

Referred to the Subcommittee on Health.

lower

Jul 26, 2023

Committee

Referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and the Workforce, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Jul 26, 2023

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors