September 15, 2023
New House Push: The Lower Costs, More Transparency Act
Three House committees – Energy and Commerce, Ways and Means, and Education and Workforce – introduced the Lower Costs, More Transparency Act. The proposed legislation includes provisions focused on health care price transparency, site-neutral payment cuts, 340B reporting, and extending certain funding set to expire September 30th for Community Health Centers, the National Health Service Corps and the Teaching Health Centers Graduate Medical Education Program. The bill also would delay for two years the start of Medicaid Disproportionate Share Hospital cuts currently scheduled to take effect on October 1st. It also mandates that insurers and pharmacy benefit managers disclose drug rebates and discounts. For a section-by-section summary of the legislation, click here.