Section 1 Short title
This Act may be cited as the “Transparent Health Care Pricing Act of 2018”.
Transparent Health Care Pricing Act of 2018
A BILL
To promote transparency in health care pricing.
Sec. 2 Transparency in All Health Care Pricing
In general— Any and all individuals or business entities, including hospitals, physicians, nurses, pharmacies, pharmaceutical manufacturers, dentists, and any other health care related providers or suppliers 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.
Manner of disclosure— The disclosure required under subsection (a) shall—
be made in an open and conspicuous manner;
be made available at the point of purchase, in print, and on the Internet; and
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.
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.