Section 1 Short title
This Act may be cited as the “True Price Act”.
True Price Act
A BILL
To require group health plans and health insurance issuers offering health insurance coverage to disclose cost information to enrollees in such plans or coverage.
Sec. 2 Requirement to disclose costs of health care services
In general— Subpart II of part A of title XXVII of the Public Health Service Act (42 U.S.C. 300gg–11 et seq.) is amended by adding at the end the following:
“2729A. Requirement to disclose costs of health care services
“A group health plan or a health insurance issuer offering group or individual health insurance coverage shall disclose to enrollees in the plan or coverage the negotiated rate for each health care service covered under the plan or coverage, including the amount paid by such plan or issuer and any cost-sharing amount charged to the enrollee. Each group health plan or health insurance issuer shall post the information required to be disclosed under this section on the internet website of the health plan or health insurance issuer, and shall provide a hard copy of such information to enrollees upon request.”
Effective date— Section 2729A of the Public Health Service Act, as added by subsection (a), shall take effect on January 1, 2020.