Transparency in All Health Care Pricing Act of 2017

To promote transparency in health care pricing, and for other purposes. 1. Short title This Act may be cited as the Transparency in All Health Care Pricing Act of 2017 2. Transparency in All Health Care Pricing (a) In general Any and all individuals or business entities, including hospitals, physicians, nurses, pharmacies, pharmaceutical manufacturers, dentists, and the insurance entities described in subsection (d), and any other health care related providers or issuers that offer or furnish health care related items, products, services, or procedures (as defined by the Secretary of Health and Human Services) for sale to the public shall publicly disclose, on a continuous basis, all prices for such items, products, services, or procedures in accordance with this section. (b) Manner of disclosure The disclosure required under subsection (a) shall— (1) be made in an open and conspicuous manner; (2) be made available at the point of purchase, in print, and on the Internet; and (3) include all wholesale, retail, subsidized, discounted, or other such prices the individuals or business entities described in such subsection accept as payment in full for items, products, services, or procedures such individuals or business entities furnish to individual consumers. (c) Penalties The Secretary of Health and Human Services may investigate any and all individuals or business entities that fail to comply with the requirements of this section and may impose on such individuals or business entities civil fines, or other civil penalties, as determined appropriate by the Secretary. (d) Insurance Entity Described For purposes of this section, an insurance entity includes a health insurance issuer with respect to the offering of health insurance coverage, including in the individual market and small and large group market (as such terms are defined in section 2791 of the Public Health Service Act), a plan sponsor with respect to the offering of a group health plan (as defined in such section 2791), and entities responsible for the administration of governmental health plans (including the Centers for Medicare & Medicaid Services with respect to the Medicare program under title XVIII of the Social Security Act, State agencies responsible for administration of State plans under the Medicaid program under title XIX of such Act, or State child assistance plans under the State Children’s Health Insurance Program under title XXI of such Act, and the Office of Personnel Management with respect to the Federal Employees Health Benefits Program under chapter 89

Summary: Transparency in All Health Care Pricing Act of 2017 This bill requires entities that offer or furnish health care related products or services to the public, including health insurers and government agencies, to disclose the price for those products and services at the point of purchase and on the Internet. The entities must disclose all prices, including wholesale, retail, and discounted prices, that are accepted as payment in full for products and services furnished to individual consumers. The Department of Health and Human Services may investigate and impose civil penalties on entities that fail to comply with this requirement.