Lower Premiums, Faster Payments Act
Latest action (9 Oct 2026): Introduced
What this bill does
H.R. 10788, also known as the Lower Premiums, Faster Payments Act, proposes changes to the requirements for surprise medical billing under private health insurance. The bill would amend existing laws related to public health, the Internal Revenue Code, and employee retirement income security.
Key provisions involve adjusting how out-of-network medical costs are determined, particularly for services provided on or after January 1, 2028. It also modifies the process for calculating a "qualifying payment amount," which is a benchmark for determining the cost of medical services. The bill introduces new requirements for rulemaking and audits related to these payment calculations.
This bill was introduced in the House of Representatives by Representative Frank Pallone. It has been referred to three committees: Energy and Commerce, Education and Workforce, and Ways and Means. The bill's next steps depend on the committees' consideration and any subsequent actions they may take.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on October 9, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10788 do?
- H.R. 10788, also known as the Lower Premiums, Faster Payments Act, proposes changes to the requirements for surprise medical billing under private health insurance. The bill would amend existing laws related to public health, the Internal Revenue Code, and employee retirement income security. Key provisions involve adjusting how out-of-network medical costs are determined, particularly for services provided on or after January 1, 2028. It also modifies the process for calculating a "qualifying payment amount," which is a benchmark for determining the cost of medical services. The bill introduces new requirements for rulemaking and audits related to these payment calculations. This bill was introduced in the House of Representatives by Representative Frank Pallone. It has been referred to three committees: Energy and Commerce, Education and Workforce, and Ways and Means. The bill's next steps depend on the committees' consideration and any subsequent actions they may take.
- Has H.R. 10788 become law?
- Not yet. As of 9 Oct 2026, H.R. 10788 is introduced.
- Who sponsored H.R. 10788?
- H.R. 10788 was sponsored by Rep. Frank Pallone [D-NJ6] (Democrat-NJ), with 0 cosponsors.
- What's the latest action on H.R. 10788?
- Introduced (9 Oct 2026).
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