Great American Healthcare Act

The Great American Healthcare Act introduces several changes to the U.S. healthcare system, primarily focusing on expanding Health Savings Accounts (HSAs) and increasing price transparency for medical services. Under the HSA provisions, individuals can contribute more money to these accounts, use funds for healthy food and fitness expenses, and roll over unused balances to family members or specific political accounts. The bill also allows employers to satisfy certain coverage mandates by contributing directly to employees' HSAs. To make healthcare costs clearer, the legislation requires hospitals, laboratories, and imaging centers to publicly post their standard charges and negotiated rates in a uniform format. Additionally, the bill mandates that health plans provide detailed itemized bills and explanations of benefits to patients within 45 days of a claim request. Finally, the act expands the ability of pharmacists and nurses to dispense certain low-risk prescription drugs without a doctor's direct supervision and repeals a specific rule regarding Federal Reserve earnings on balances.