Know the Price Act
The source supplies the latest action, but no lifecycle stage.
Latest action (27 Feb 2020): Referred to the House Committee on Energy and Commerce.
What this bill does
The Know the Price Act, introduced in the House of Representatives, aims to increase transparency in health insurance by prohibiting certain agreements between private health insurance plans and healthcare providers. Specifically, it would prevent contracts that restrict plans from accessing and sharing information about the cost and quality of healthcare services. This would allow plans to share this information with referring doctors, employers who offer health plans, and individuals enrolled in the plans, while still adhering to privacy laws.
The bill also addresses access to electronic claims data. It would prohibit agreements that prevent group health plans from electronically accessing anonymous claims information upon request, provided it is consistent with privacy regulations. This affects group health plans, individual health insurance issuers, healthcare providers, and their networks, by potentially changing the terms of their contractual agreements and increasing the availability of cost and quality data.
H.R. 6005 was introduced on February 27, 2020, and referred to the Committee on Energy and Commerce. As of the provided information, its latest action was its introduction, meaning it has not yet been passed by the House or moved to the Senate for consideration. If it were to advance, it would undergo further committee review, potential amendments, and votes in both chambers of Congress before potentially being sent to the President.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Know the Price Act This bill prohibits private health insurance plans from entering agreements with a health care service provider, or network of such providers, that restricts the plan from accessing and sharing cost or quality of care information. Plans may share such information with referring providers, plan sponsors, and plan enrollees, consistent with privacy rules.
Further, agreements with providers may not restrict group health plans from electronically accessing anonymous claims information upon request, consistent with privacy rules.
Timeline
27 Feb 2020
Referred to the House Committee on Energy and Commerce.
Common questions
- What does H.R. 6005 do?
- The Know the Price Act, introduced in the House of Representatives, aims to increase transparency in health insurance by prohibiting certain agreements between private health insurance plans and healthcare providers. Specifically, it would prevent contracts that restrict plans from accessing and sharing information about the cost and quality of healthcare services. This would allow plans to share this information with referring doctors, employers who offer health plans, and individuals enrolled in the plans, while still adhering to privacy laws. The bill also addresses access to electronic claims data. It would prohibit agreements that prevent group health plans from electronically accessing anonymous claims information upon request, provided it is consistent with privacy regulations. This affects group health plans, individual health insurance issuers, healthcare providers, and their networks, by potentially changing the terms of their contractual agreements and increasing the availability of cost and quality data. H.R. 6005 was introduced on February 27, 2020, and referred to the Committee on Energy and Commerce. As of the provided information, its latest action was its introduction, meaning it has not yet been passed by the House or moved to the Senate for consideration. If it were to advance, it would undergo further committee review, potential amendments, and votes in both chambers of Congress before potentially being sent to the President.
- Has H.R. 6005 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 6005. Check the latest action and official source below.
- Who sponsored H.R. 6005?
- H.R. 6005 was sponsored by Rep. Malinowski, Tom [D-NJ-7] (D-NJ), with 1 cosponsor.
- What's the latest action on H.R. 6005?
- Referred to the House Committee on Energy and Commerce. (27 Feb 2020).
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