Lower Costs, More Transparency Act of 2026
To promote price transparency in the health care sector.
The Lower Costs, More Transparency Act of 2026 aims to increase price transparency in the health care sector. This means the bill wants to make it easier for patients to know how much they will be charged for medical services before they receive care. This can help people make better-informed decisions about their health care and potentially avoid unexpected costs.
This bill would primarily affect patients, health care providers, and insurance companies. Patients would benefit from having clearer information about costs upfront. Providers and insurers would need to comply with new requirements for disclosing prices, which could change how they operate.
As of June 23, 2026, the bill has been introduced in the House and referred to several committees for consideration. The most recent update is that on July 21, 2026, the House ordered the bill to be reported in the nature of a substitute with a unanimous vote of 45 to 0.
