The Texas Public Policy Foundation celebrated a unanimous vote in the Texas Senate for reform that requires hospitals to disclose negotiated rates. The bill, SB 1137, is a huge step forward in creating a transparent market for health care that obligates providers to tell patients what treatments and procedures cost before they are performed. According to a TPPF survey in February, 89% of Texans support this reform.
TPPF’s Director of Right on Health Care David Balat released the following statement:
“Giving Texans the information they need to make the best decisions will put patients in charge of their health care. Sen. Kolkhorst’s bill is a strong step toward eliminating surprise billing, hidden fees, and inconsistent pricing for health care services. It will dramatically lower costs, create a genuine market for services, and give patients the control and peace of mind they deserve.”
- The legislation requires hospitals to provide a list of “shoppable services” and include the payor-specific negotiated charge, the discounted cash price, and the minimum negotiated charge.
- If a hospital is not in compliance, it may be subject to a number of consequences including an administrative penalty.
- The new rule would take effect September 1, 2021.
Reprinted with Permission from - Texas Public Policy Foundation
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