Fitzpatrick Introduces Bipartisan Legislation to Increase Transparency in Health Insurance Pricing - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 27, 2023 Newswires
Share
Share
Post
Email

Fitzpatrick Introduces Bipartisan Legislation to Increase Transparency in Health Insurance Pricing

Targeted News Service (Press Releases)

WASHINGTON, July 27 -- Rep. Brian Fitzpatrick, R-Pennsylvania, issued the following news release:

Congressman Brian Fitzpatrick (PA-01), a member of the House Committee on Ways and Means, introduced the Health Insurance Price Transparency Act of 2023 and was joined by Congresswoman Susie Lee (NV-03). Chairman Jason Smith (MO-08) also supports Congressman Fitzpatrick's bipartisan legislation which is included in the Committee's mark up of H.R. 4822.

"All Americans have the right to know the cost of their healthcare services, and my bipartisan bill helps to achieve that by helping patients make better informed decisions surrounding their health insurance," said Congressman Fitzpatrick. "The Health Insurance Price Transparency Act of 2023 provides key patient protections by promoting transparency and helping consumers better use health insurance pricing information to shop around for the best option for patients and their families, while giving patients the ability to learn and understand how much a health service will cost them. I thank Chairman Smith for his support, and I look forward to the House passing my bipartisan legislation."

"Thank you to Rep. Fitzpatrick for introducing the Health Insurance Price Transparency Act of 2023 that requires health insurance plans publish prices and provide personalized pricing information to consumers," said Ways and Means Committee Chairman Smith. "Health insurance is one of the biggest expenses for millions of American employers and their workers and coverage details are hard to come by and even harder to understand. This bill empowers small businesses and families to more easily compare health care costs and understand their benefits."

The Health Insurance Price Transparency Act of 2023 will:

* Provide key patient protections by promoting transparency and better usability of health insurance pricing information.

* Codify an existing rule that health insurers are already complying with while strengthening transparency and reducing duplication.

* Mandate price transparency requirements via a patient-specific transparency tool.

* Implement a requirement to make machine readable files for out of network rates, in-network rates, and drug prices public.

Read the text of the legislation HERE (https://fitzpatrick.house.gov/_cache/files/2/3/23f25eac-63c4-4f73-9e24-2e4ed1742bdc/FDA96C8C1326B7FC8CCBFEDA3B38FBF9.ways-transparency-insurance-bill.pdf).

* * *

Original text here: https://fitzpatrick.house.gov/2023/7/fitzpatrick-introduces-bipartisan-legislation-to-increase-transparency-in-health-insurance-pricing

Older

AM Best Revises Outlooks to Positive for Credit Ratings of Lloyd’s, Its Rated Subsidiaries and Society of Lloyd’s

Newer

ALTA Foundation Provides Emergency Grant Following Vermont Flooding

Advisor News

  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
  • What advisors must know about accessible client documents
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • New York approves small, individual insurance plan rate hikes for 2027
  • AM Best Affirms Credit Ratings of Ping An Health Insurance Company of China, Ltd.
  • How to prepare for new AEP rules
  • Study: Illinois hospitals to lose billions through Medicaid policy change
  • Dr. Oz visits New Palestine, touts benefits of alternative health coverage choices
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
  • Life insurance loans: what to do when a client shows interest in one
  • Do You Qualify for Any of September's Class Action Settlements?
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.