HouseH.R. 9393119th Congress

Lower Costs, More Transparency Act of 2026

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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9393 Introduced in House (IH)]

<DOC>

119th CONGRESS
  2d Session
                                H. R. 9393

        To promote price transparency in the health care sector.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2026

  Mr. Guthrie (for himself and Mr. Pallone) introduced the following 
 bill; which was referred to the Committee on Energy and Commerce, and 
  in addition to the Committees on Ways and Means, and Education and 
 Workforce, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL

 
        To promote price transparency in the health care sector.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Lower Costs, More Transparency Act 
of 2026''.

SEC. 2. HOSPITAL PRICE TRANSPARENCY.

    (a) Medicare.--
            (1) In general.--Part E of title XVIII of the Social 
        Security Act (42 U.S.C. 1395x et seq.) is amended by adding at 
        the end the following new section:

``SEC. 1899D. HOSPITAL PRICE TRANSPARENCY.

    ``(a) Transparency Requirement.--
            ``(1) In general.--Beginning January 1, 2028, each 
        specified hospital that receives payment under this title for 
        furnishing items and services shall comply with the price 
        transparency requirement described in paragraph (2).
            ``(2) Requirement described.--
                    ``(A) In general.--For purposes of paragraph (1), 
                the price transparency requirement described in this 
                paragraph is, with respect to a specified hospital, 
                that such hospital, in accordance with a method and 
                format established by the Secretary under subparagraph 
                (C), compile and make public (without subscription and 
                free of charge) for each year--
                            ``(i) all of the hospital's standard 
                        charges (including the information described in 
                        subparagraph (B)) for each item and service 
                        furnished by such hospital;
                            ``(ii) information in a consumer-friendly 
                        format (as specified by the Secretary)--
                                    ``(I) on the hospital's prices 
                                (including the information described in 
                                subparagraph (B)) for as many of the 
                                Centers for Medicare & Medicaid 
                                Services-specified shoppable services 
                                that are furnished by the hospital, and 
                                as many additional hospital-selected 
                                shoppable services (or all such 
                                additional services, if such hospital 
                                furnishes fewer than 300 shoppable 
                                services) as may be necessary for a 
                                combined total of at least 300 
                                shoppable services; and
                                    ``(II) that includes, with respect 
                                to each Centers for Medicare & Medicaid 
                                Services-specified shoppable service 
                                that is not furnished by the hospital, 
                                an indication that such service is not 
                                so furnished;
                            ``(iii) each type 2 national provider 
                        identifier associated with the hospital or a 
                        unit of the hospital; and
                            ``(iv) an attestation that all information 
                        made public pursuant to this subparagraph is 
                        complete and accurate.
                    ``(B) Information described.--For purposes of 
                subparagraph (A), the information described in this 
                subparagraph is, with respect to standard charges and 
                prices, as applicable, made public by a specified 
                hospital, the following:
                            ``(i) A plain language description (as 
                        specified by the Secretary) of each item or 
                        service, accompanied by, as applicable, the 
                        Healthcare Common Procedure Coding System code, 
                        the diagnosis-related group, the national drug 
                        code, or other identifier used or approved by 
                        the Centers for Medicare & Medicaid Services.
                            ``(ii) The gross charge, as applicable, 
                        expressed as a dollar amount, for each such 
                        item or service, when provided in, as 
                        applicable, the inpatient setting and 
                        outpatient department setting.
                            ``(iii) For each such item or service when 
                        provided in, as applicable, the inpatient and 
                        outpatient department settings--
                                    ``(I) the discounted cash price, as 
                                applicable, expressed as a dollar 
                                amount; or
                                    ``(II) in the case no discounted 
                                cash price is available for such item 
                                or service, the median cash price 
                                charged by the hospital (not including 
                                charity care) to self-pay individuals 
                                for such item or service when provided 
                                in such settings for the previous three 
                                years, expressed as a dollar amount.
                            ``(iv) With respect to prices made public 
                        pursuant to subparagraph (A)(ii), a link to a 
                        consumer-friendly document that clearly 
                        explains the hospital's charity care policy 
                        that includes, if applicable, any sliding scale 
                        payment structure employed for determining 
                        prices.
                            ``(v) The payer-specific negotiated 
                        charges, as applicable, clearly associated with 
                        the name of the third party payer and plan and 
                        expressed as a dollar amount, that apply to 
                        each such item or service when provided in, as 
                        applicable, the inpatient setting and 
                        outpatient department setting.
                            ``(vi) The de-identified maximum and 
                        minimum negotiated charges, as applicable, for 
                        each such item or service, not including any 
                        such charge that is $0.
                            ``(vii) Any other additional information 
                        the Secretary may require (in consultation with 
                        stakeholders) for the purpose of improving the 
                        accuracy of, or enabling consumers to easily 
                        understand and compare, standard charges and 
                        prices for an item or service, except 
                        information that is duplicative of any other 
                        reporting requirement under this subsection.
                    ``(C) Uniform method and format.--Not later than 
                January 1, 2028, the Secretary shall establish a 
                standard, uniform method and format for specified 
                hospitals to use in compiling and making public 
                standard charges pursuant to subparagraph (A)(i) and a 
                standard, uniform method and format for such hospitals 
                to use in compiling and making public prices pursuant 
                to subparagraph (A)(ii). Such methods and formats--
                            ``(i) shall, in the case of such method and 
                        format for making public standard charges 
                        pursuant to subparagraph (A)(i), ensure that 
                        such charges are made available in a machine-
                        readable format (or a successor technology 
                        specified by the Secretary);
                            ``(ii) may be similar to any template made 
                        available by the Centers for Medicare & 
                        Medicaid Services as of the date of the 
                        enactment of this subparagraph;
                            ``(iii) shall meet such standards as 
                        determined appropriate by the Secretary in 
                        order to ensure the accessibility and usability 
                        of such charges and prices; and
                            ``(iv) shall be updated as determined 
                        appropriate by the Secretary, in consultation 
                        with stakeholders.
            ``(3) Monitoring compliance.--The Secretary shall establish 
        processes to monitor and assess specified hospitals' compliance 
        with this subsection. Such processes shall include processes 
        relating to the following:
                    ``(A) The evaluation and analysis of complaints 
                made by individuals or other entities relating to such 
                hospitals' compliance with this subsection.
                    ``(B) The use of audits to ensure such hospitals' 
                compliance with this subsection.
                    ``(C) The obtaining of additional information from 
                such hospitals to determine such hospitals' compliance 
                with this subsection (as determined appropriate by the 
                Secretary).
            ``(4) Enforcement.--
                    ``(A) In general.--In the case of a specified 
                hospital that fails to comply with the requirements of 
                this subsection--
                            ``(i) not later than 30 days after the date 
                        on which the Secretary determines such failure 
                        exists, the Secretary shall submit to such 
                        hospital a notification of such determination 
                        (which may include, as determined appropriate 
                        by the Secretary, a request for a corrective 
                        action plan (to be submitted not later than 45 
                        days after such request is made) to comply with 
                        such requirements); and
                            ``(ii) in the case of a hospital that does 
                        not receive a request for a corrective action 
                        plan as part of a notification submitted by the 
                        Secretary under clause (i)--
                                    ``(I) the Secretary shall, not 
                                later than 60 days after such 
                                notification is sent, determine whether 
                                such hospital is in compliance with 
                                such requirements; and
                                    ``(II) if the Secretary determines 
                                under subclause (I) that such hospital 
                                is not in compliance with such 
                                requirements, the Secretary shall 
                                either--
                                            ``(aa) submit to such 
                                        hospital a request for a 
                                        corrective action plan (to be 
                                        submitted not later than 45 
                                        days after such request is 
                                        made) to comply with such 
                                        requirements; or
                                            ``(bb) if the Secretary 
                                        determines that such hospital 
                                        has not taken meaningful 
                                        actions to come into compliance 
                                        since such notification was 
                                        sent, impose a civil monetary 
                                        penalty in accordance with 
                                        subparagraph (B).
                    ``(B) Civil monetary penalty.--
                            ``(i) In general.--Subject to clause (vii), 
                        in addition to any other enforcement actions or 
                        penalties that may apply under another 
                        provision of Federal law, a specified hospital 
                        that has received a request for a corrective 
                        action plan under clause (i) or (ii) of 
                        subparagraph (A) and fails to comply with the 
                        requirements of this subsection by the date 
                        that is 90 days after such request is made (or, 
                        if such hospital has submitted such a 
                        corrective action plan not later than 45 days 
                        after the date such request was made, by the 
                        date that is 90 days after the date of the 
                        submission of such corrective action plan), and 
                        a specified hospital with respect to which the 
                        Secretary has made a determination described in 
                        clause (ii)(II)(bb) of such subparagraph, shall 
                        be subject to a civil monetary penalty of an 
                        amount specified by the Secretary for each day 
                        (beginning with the day on which the Secretary 
                        first determined that such hospital was not 
                        complying with such requirements) during which 
                        such failure was ongoing. Such amount shall not 
                        exceed--
                                    ``(I) in the case of a specified 
                                hospital with 30 or fewer beds, $300 
                                per day (or, in the case of such a 
                                hospital that has been noncompliant 
                                with such requirements for a 1-year 
                                period or longer, beginning with the 
                                first day following such 1-year period, 
                                $400 per day);
                                    ``(II) in the case of a specified 
                                hospital with more than 30 beds but 
                                fewer than 101 beds, $12.50 per bed per 
                                day (or, in the case of such a hospital 
                                that has been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $15 per 
                                bed per day);
                                    ``(III) in the case of a specified 
                                hospital with more than 100 beds but 
                                fewer than 201 beds, $17.50 per bed per 
                                day (or, in the case of such a hospital 
                                that has been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $20 per 
                                bed per day);
                                    ``(IV) in the case of a specified 
                                hospital with more than 200 beds but 
                                fewer than 501 beds, $20 per bed per 
                                day (or, in the case of such a hospital 
                                that has been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $25 per 
                                bed per day); and
                                    ``(V) in the case of a specified 
                                hospital with more than 500 beds, $25 
                                per bed per day (or, in the case of 
                                such a hospital that has been 
                                noncompliant with such requirements for 
                                a 1-year period or longer, beginning 
                                with the first day following such 1-
                                year period, $35 per bed per day).
                            ``(ii) Increase authority.--In applying 
                        this subparagraph with respect to violations 
                        occurring in 2029 or a subsequent year, the 
                        Secretary may through notice and comment 
                        rulemaking increase--
                                    ``(I) the limitation on the per day 
                                amount of any penalty applicable to a 
                                specified hospital under clause (i)(I);
                                    ``(II) the limitations on the per 
                                bed per day amount of any penalty 
                                applicable under any of subclauses (II) 
                                through (V) of clause (i); and
                                    ``(III) the amounts specified in 
                                clause (iii)(II).
                            ``(iii) Persistent noncompliance.--
                                    ``(I) In general.--In the case of a 
                                specified hospital (other than a 
                                specified hospital with 30 or fewer 
                                beds) that the Secretary has determined 
                                to be knowingly and willfully 
                                noncompliant with the provisions of 
                                this subsection for two or more 6-month 
                                periods during any 3-year period, the 
                                Secretary may increase any penalty 
                                otherwise applicable under this 
                                subparagraph by the amount specified in 
                                subclause (II) with respect to such 
                                hospital and may require such hospital 
                                to complete such additional corrective 
                                actions plans as the Secretary may 
                                specify.
                                    ``(II) Specified amount.--For 
                                purposes of subclause (I), the amount 
                                specified in this subclause is, with 
                                respect to a specified hospital--
                                            ``(aa) with more than 30 
                                        beds but fewer than 101 beds, 
                                        an amount that is not less than 
                                        $500,000 and not more than 
                                        $1,000,000;
                                            ``(bb) with more than 100 
                                        beds but fewer than 301 beds, 
                                        an amount that is greater than 
                                        $1,000,000 and not more than 
                                        $2,000,000;
                                            ``(cc) with more than 300 
                                        beds but fewer than 501 beds, 
                                        an amount that is greater than 
                                        $2,000,000 and not more than 
                                        $4,000,000; and
                                            ``(dd) with more than 500 
                                        beds, and amount that is not 
                                        less than $5,000,000 and not 
                                        more than $10,000,000.
                            ``(iv) Authority to waive or reduce 
                        penalty.--
                                    ``(I) Hospitals located in rural or 
                                underserved areas.--
                                            ``(aa) In general.--Subject 
                                        to item (bb), the Secretary may 
                                        waive any penalty, or reduce 
                                        any penalty by not more than 75 
                                        percent, otherwise applicable 
                                        under this subparagraph with 
                                        respect to a specified hospital 
                                        located in a rural or 
                                        underserved area if the 
                                        Secretary certifies that 
                                        imposition of such penalty 
                                        would result in an immediate 
                                        threat to access to care for 
                                        individuals in the service area 
                                        of such hospital.
                                            ``(bb) Limitation on 
                                        application.--The Secretary may 
                                        not elect to waive a penalty 
                                        under item (aa) with respect to 
                                        a specified hospital more than 
                                        once in a 6-year period and may 
                                        not elect to reduce such a 
                                        penalty with respect to such a 
                                        hospital more than once in such 
                                        a period. Nothing in the 
                                        preceding sentence shall be 
                                        construed as prohibiting the 
                                        Secretary from both waiving and 
                                        reducing a penalty with respect 
                                        to a specified hospital during 
                                        a 6-year period.
                                    ``(II) Reduction if hearing 
                                waived.--The Secretary may reduce any 
                                penalty otherwise applicable under this 
                                subparagraph (as reduced, if 
                                applicable, under subclause (I)) by not 
                                more than 35 percent if the specified 
                                hospital that is the subject of such 
                                penalty agrees to waive any right of 
                                such hospital to a hearing before an 
                                administrative law judge with respect 
                                to the imposition of such penalty.
                            ``(v) Hardship exemption.--Notwithstanding 
                        any limit on the waiver or reduction of a 
                        penalty under clause (iv), the Secretary may 
                        waive any penalty with respect to a specified 
                        hospital on a case-by-case basis if the 
                        Secretary determines that a circumstance exists 
                        interfering with such hospital's ability to 
                        comply with the provisions of this subsection 
                        (such as a natural disaster (as defined in 
                        section 602(a) of the Robert T. Stafford 
                        Disaster Relief and Emergency Assistance Act), 
                        a public health emergency, or other similar or 
                        unexpected catastrophe or similar situation).
                            ``(vi) Provision of technical assistance.--
                        The Secretary shall, to the extent practicable, 
                        provide technical assistance relating to 
                        compliance with the provisions of this 
                        subsection to specified hospitals requesting 
                        such assistance.
                            ``(vii) Application of certain 
                        provisions.--The provisions of section 1128A 
                        (other than subsections (a) and (b) of such 
                        section) shall apply to a civil monetary 
                        penalty imposed under this subparagraph in the 
                        same manner as such provisions apply to a civil 
                        monetary penalty imposed under subsection (a) 
                        of such section.
                            ``(viii) Nonduplication of certain 
                        penalties.--
                                    ``(I) In general.--The Secretary 
                                may not subject a specified hospital to 
                                a civil monetary penalty under this 
                                subparagraph with respect to 
                                noncompliance with the provisions of 
                                this subsection for a period if the 
                                Secretary has imposed a civil monetary 
                                penalty on such hospital under section 
                                2718(f) of the Public Health Service 
                                Act for failure to comply with the 
                                provisions of such section for such 
                                period.
                                    ``(II) Prioritization.--In the case 
                                of a hospital that the Secretary 
                                determines to be in violation of the 
                                provisions of this subsection and of 
                                section 2718(f) of the Public Health 
                                Service Act, the Secretary shall impose 
                                penalties as prescribed in such section 
                                2718(f) in lieu of any penalties 
                                prescribed in this subsection.
                    ``(C) Publication of hospital price transparency 
                information.--Beginning on January 1, 2028, the 
                Secretary shall make publicly available on the public 
                website of the Centers for Medicare & Medicaid Services 
                information with respect to compliance with the 
                requirements of this subsection and enforcement 
                activities undertaken by the Secretary under this 
                subsection. Such information shall be updated in real 
                time (if practicable) and include--
                            ``(i) the number of reviews of compliance 
                        with this subsection undertaken by the 
                        Secretary;
                            ``(ii) the number of notifications 
                        described in subparagraph (A)(i) sent by the 
                        Secretary;
                            ``(iii) the identity of each specified 
                        hospital that was sent such a notification and 
                        a description of the nature of such hospital's 
                        noncompliance with this subsection;
                            ``(iv) the amount of any civil monetary 
                        penalty imposed on such hospital under 
                        subparagraph (B);
                            ``(v) whether such hospital subsequently 
                        came into compliance with this subsection;
                            ``(vi) any waivers or reductions of 
                        penalties made pursuant to a certification by 
                        the Secretary under subparagraph (B)(iv), 
                        including--
                                    ``(I) the name of any specified 
                                hospital that received such a waiver or 
                                reduction;
                                    ``(II) the dollar amount of each 
                                such penalty so waived or reduced; and
                                    ``(III) the rationale for the 
                                granting of each such waiver or 
                                reduction, but only to the extent that 
                                such rationale does not make public 
                                commercially sensitive information; and
                            ``(vii) any other information as determined 
                        by the Secretary.
    ``(b) Ensuring Accessibility Through Implementation.--In 
implementing this section, the Secretary shall through rulemaking 
ensure that a hospital making public charges and prices pursuant to 
this section takes reasonable steps (as specified by the Secretary) to 
ensure the accessibility of such charges and information to individuals 
with limited English proficiency. Such steps may include the hospital's 
provision of interpretation services or the hospital's provision of 
translations of charges and information.
    ``(c) Definitions.--For purposes of this section:
            ``(1) Discounted cash price.--The term `discounted cash 
        price' means the charge that applies to an individual who pays 
        cash, or cash equivalent, for an item or service.
            ``(2) Gross charge.--The term `gross charge' means the 
        charge for an individual item or service that is reflected on a 
        specified hospital's chargemaster or provider of service or 
        supplier's, as applicable, chargemaster (or similar list of 
        prices), absent any discounts.
            ``(3) Payer-specific negotiated charge.--The term `payer-
        specific negotiated charge' means the charge that a hospital 
        has negotiated with a third party payer for an item or service.
            ``(4) Shoppable service.--The term `shoppable service' 
        means a service that can be scheduled by a health care consumer 
        in advance and includes all ancillary items and services 
        customarily furnished as part of such service.
            ``(5) Specified hospital.--The term `specified hospital' 
        means a hospital (as defined in section 1861(e)), a critical 
        access hospital (as defined in section 1861(mmm)(1)), or a 
        rural emergency hospital (as defined in section 1861(kkk)).
            ``(6) Third party payer.--The term `third party payer' 
        means an entity that is, by statute, contract, or agreement, 
        legally responsible for payment of a claim for a health care 
        item or service.''.
            (2) Rule of construction.--Nothing in the amendments made 
        by this subsection may be construed to impede, prohibit, or 
        prevent the Secretary of Health and Human Services from 
        implementing, executing, carrying out, or enforcing the 
        requirements of section 2718(f) of the Public Health Service 
        Act.
    (b) PHSA.--
            (1) In general.--Section 2718 of the Public Health Service 
        Act (42 U.S.C. 300gg-18) is amended by adding at the end the 
        following new subsection:
    ``(f) Hospital Transparency Requirement.--
            ``(1) In general.--Beginning January 1, 2028, each hospital 
        operating within the United States (including a specified 
        hospital (as defined in section 1899D of the Social Security 
        Act)) shall comply with the price transparency requirement 
        described in paragraph (2).
            ``(2) Requirement described.--
                    ``(A) In general.--For purposes of paragraph (1), 
                the price transparency requirement described in this 
                paragraph is, with respect to a hospital, that such 
                hospital, in accordance with a method and format 
                established by the Secretary under subparagraph (C), 
                compile and make public (without subscription and free 
                of charge) for each year--
                            ``(i) all of the hospital's standard 
                        charges (including the information described in 
                        subparagraph (B)) for each item and service 
                        furnished by such hospital;
                            ``(ii) information in a consumer-friendly 
                        format (as specified by the Secretary)--
                                    ``(I) on the hospital's prices 
                                (including the information described in 
                                subparagraph (B)) for as many of the 
                                Centers for Medicare & Medicaid 
                                Services-specified shoppable services 
                                that are furnished by the hospital, and 
                                as many additional hospital-selected 
                                shoppable services (or all such 
                                additional services, if such hospital 
                                furnishes fewer than 300 shoppable 
                                services) as may be necessary for a 
                                combined total of at least 300 
                                shoppable services; and
                                    ``(II) that includes, with respect 
                                to each Centers for Medicare & Medicaid 
                                Services-specified shoppable service 
                                that is not furnished by the hospital, 
                                an indication that such service is not 
                                so furnished;
                            ``(iii) each type 2 national provider 
                        identifier associated with the hospital or a 
                        unit of the hospital; and
                            ``(iv) an attestation that all information 
                        made public pursuant to this subparagraph is 
                        complete and accurate.
                    ``(B) Information described.--For purposes of 
                subparagraph (A), the information described in this 
                subparagraph is, with respect to standard charges and 
                prices, as applicable, made public by a hospital, the 
                following:
                            ``(i) A plain language description (as 
                        specified by the Secretary) of each item or 
                        service, accompanied by, as applicable, the 
                        Healthcare Common Procedure Coding System code, 
                        the diagnosis-related group, the national drug 
                        code, current procedure terminology codes, or 
                        other identifier used or approved by the 
                        Centers for Medicare & Medicaid Services.
                            ``(ii) The gross charge, as applicable, 
                        expressed as a dollar amount (as specified by 
                        the Secretary), for each such item or service, 
                        when provided in, as applicable, the inpatient 
                        setting and outpatient department setting.
                            ``(iii) For each such item or service when 
                        provided in, as applicable, the inpatient and 
                        outpatient department settings--
                                    ``(I) the discounted cash price, as 
                                applicable, expressed as a dollar 
                                amount; or
                                    ``(II) in the case no discounted 
                                cash price is available for such item 
                                or service, the median cash price 
                                charged by the hospital (not including 
                                charity care) to self-pay individuals 
                                for such item or service when provided 
                                in such settings for the previous three 
                                years, expressed as a dollar amount.
                            ``(iv) With respect to prices made public 
                        pursuant to subparagraph (A)(ii), a link to a 
                        consumer-friendly document that clearly 
                        explains the hospital's charity care policy 
                        that includes, if applicable, any sliding scale 
                        payment structure employed for determining 
                        prices.
                            ``(v) The payer-specific negotiated 
                        charges, as applicable, clearly associated with 
                        the name of the third party payer and plan and 
                        expressed as a dollar amount, that apply to 
                        each such item or service when provided in, as 
                        applicable, the inpatient setting and 
                        outpatient department setting.
                            ``(vi) The de-identified maximum and 
                        minimum negotiated charges, as applicable, for 
                        each such item or service, not including any 
                        such charge that is $0.
                            ``(vii) Any other additional information 
                        the Secretary may require (in consultation with 
                        stakeholders) for the purpose of improving the 
                        accuracy of, or enabling consumers to easily 
                        understand and compare, standard charges and 
                        prices for an item or service, except 
                        information that is duplicative of any other 
                        reporting requirement under this subsection.
                    ``(C) Uniform method and format.--Not later than 
                January 1, 2028, the Secretary shall establish a 
                standard, uniform method and format for hospitals to 
                use in compiling and making public standard charges 
                pursuant to subparagraph (A)(i) and a standard, uniform 
                method and format for such hospitals to use in 
                compiling and making public prices pursuant to 
                subparagraph (A)(ii). Such methods and formats--
                            ``(i) shall, in the case of such method and 
                        format for making public standard charges 
                        pursuant to subparagraph (A)(i), ensure that 
                        such charges are made available in a machine-
                        readable format (or a successor technology 
                        specified by the Secretary);
                            ``(ii) may be similar to any template made 
                        available by the Centers for Medicare & 
                        Medicaid Services as of the date of the 
                        enactment of this subparagraph;
                            ``(iii) shall meet such standards as 
                        determined appropriate by the Secretary in 
                        order to ensure the accessibility and usability 
                        of such charges and prices; and
                            ``(iv) shall be updated as determined 
                        appropriate by the Secretary, in consultation 
                        with stakeholders.
            ``(3) Monitoring compliance.--The Secretary shall establish 
        processes to monitor and assess specified hospitals' compliance 
        with this subsection. Such processes shall include processes 
        relating to the following:
                    ``(A) The evaluation and analysis of complaints 
                made by individuals or other entities relating to such 
                hospitals' compliance with this subsection.
                    ``(B) The use of audits to ensure such hospitals' 
                compliance with this subsection.
                    ``(C) The obtaining of additional information from 
                such hospitals to determine such hospitals' compliance 
                with this subsection (as determined appropriate by the 
                Secretary).
            ``(4) Enforcement.--
                    ``(A) In general.--In the case of a hospital that 
                fails to comply with the requirements of this 
                subsection--
                            ``(i) not later than 30 days after the date 
                        on which the Secretary determines such failure 
                        exists, the Secretary shall submit to such 
                        hospital a notification of such determination 
                        (which may include, as determined appropriate 
                        by the Secretary, a request for a corrective 
                        action plan (to be submitted not later than 45 
                        days after such request is made) to comply with 
                        such requirements); and
                            ``(ii) in the case of a hospital that does 
                        not receive a request for a corrective action 
                        plan as part of a notification submitted by the 
                        Secretary under clause (i)--
                                    ``(I) the Secretary shall, not 
                                later than 60 days after such 
                                notification is sent, determine whether 
                                such hospital is in compliance with 
                                such requirements; and
                                    ``(II) if the Secretary determines 
                                under subclause (I) that such hospital 
                                is not in compliance with such 
                                requirements, the Secretary shall 
                                either--
                                            ``(aa) submit to such 
                                        hospital a request for a 
                                        corrective action plan (to be 
                                        submitted not later than 45 
                                        days after such request is 
                                        made) to comply with such 
                                        requirements; or
                                            ``(bb) if the Secretary 
                                        determines that such hospital 
                                        has not taken meaningful 
                                        actions to come into compliance 
                                        since such notification was 
                                        sent, impose a civil monetary 
                                        penalty in accordance with 
                                        subparagraph (B).
                    ``(B) Civil monetary penalty.--
                            ``(i) In general.--In addition to any other 
                        enforcement actions or penalties that may apply 
                        under another provision of Federal law, a 
                        hospital that has received a request for a 
                        corrective action plan under clause (i) or (ii) 
                        of subparagraph (A) and fails to comply with 
                        the requirements of this subsection by the date 
                        that is 90 days after such request is made (or, 
                        if such hospital has submitted such a 
                        corrective action plan not later than 45 days 
                        after the date such request was made, by the 
                        date that is 90 days after the date of the 
                        submission of such corrective action plan), and 
                        a hospital with respect to which the Secretary 
                        has made a determination described in clause 
                        (ii)(II)(bb) of such subparagraph, shall be 
                        subject to a civil monetary penalty of an 
                        amount specified by the Secretary for each day 
                        (beginning with the day on which the Secretary 
                        first determined that such hospital was not 
                        complying with such requirements) during which 
                        such failure was ongoing. Such amount shall not 
                        exceed--
                                    ``(I) in the case of a hospital 
                                with 30 or fewer beds, $300 per day 
                                (or, in the case of such a hospital 
                                that has been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $400 per 
                                bed per day);
                                    ``(II) in the case of a hospital 
                                with more than 30 beds but fewer than 
                                101 beds, $12.50 per bed per day (or, 
                                in the case of such a hospital that has 
                                been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $15 per 
                                bed per day);
                                    ``(III) in the case of a hospital 
                                with more than 100 beds but fewer than 
                                201 beds, $17.50 per bed per day (or, 
                                in the case of such a hospital that has 
                                been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $20 per 
                                bed per day);
                                    ``(IV) in the case of a hospital 
                                with more than 200 beds but fewer than 
                                501 beds, $20 per bed per day (or, in 
                                the case of such a hospital that has 
                                been noncompliant with such 
                                requirements for a 1-year period or 
                                longer, beginning with the first day 
                                following such 1-year period, $25 per 
                                bed per day); and
                                    ``(V) in the case of a hospital 
                                with more than 500 beds, $25 per bed 
                                per day (or, in the case of such a 
                                hospital that has been noncompliant 
                                with such requirements for a 1-year 
                                period or longer, beginning with the 
                                first day following such 1-year period, 
                                $35 per bed per day).
                            ``(ii) Increase authority.--In applying 
                        this subparagraph with respect to violations 
                        occurring in 2029 or a subsequent year, the 
                        Secretary may through notice and comment 
                        rulemaking increase--
                                    ``(I) the limitation on the per day 
                                amount of any penalty applicable to a 
                                hospital under clause (i)(I);
                                    ``(II) the limitations on the per 
                                bed per day amount of any penalty 
                                applicable under any of subclauses (II) 
                                through (V) of clause (i); and
                                    ``(III) the amounts specified in 
                                clause (iii)(II).
                            ``(iii) Persistent noncompliance.--
                                    ``(I) In general.--In the case of a 
                                hospital (other than a hospital with 30 
                                or fewer beds) that the Secretary has 
                                determined to be knowingly and 
                                willfully noncompliant with the 
                                provisions of this subsection for two 
                                or more 6-month periods during any 3-
                                year period, the Secretary may increase 
                                any penalty otherwise applicable under 
                                this subparagraph by the amount 
                                specified in subclause (II) with 
                                respect to such hospital and may 
                                require such hospital to complete such 
                                additional corrective actions plans as 
                                the Secretary may specify.
                                    ``(II) Specified amount.--For 
                                purposes of subclause (I), the amount 
                                specified in this subclause is, with 
                                respect to a hospital--
                                            ``(aa) with more than 30 
                                        beds but fewer than 101 beds, 
                                        an amount that is not less than 
                                        $500,000 and not more than 
                                        $1,000,000;
                                            ``(bb) with more than 100 
                                        beds but fewer than 301 beds, 
                                        an amount that is greater than 
                                        $1,000,000 and not more than 
                                        $2,000,000;
                                            ``(cc) with more than 300 
                                        beds but fewer than 501 beds, 
                                        an amount that is greater than 
                                        $2,000,000 and not more than 
                                        $4,000,000; and
                                            ``(dd) with more than 500 
                                        beds, and amount that is not 
                                        less than $5,000,000 and not 
                                        more than $10,000,000.
                            ``(iv) Authority to waive or reduce 
                        penalty.--
                                    ``(I) Hospitals located in rural or 
                                underserved areas.--
                                            ``(aa) In general.--Subject 
                                        to item (bb), the Secretary may 
                                        waive any penalty, or reduce 
                                        any penalty by not more than 75 
                                        percent, otherwise applicable 
                                        under this subparagraph with 
                                        respect to a hospital located 
                                        in a rural or underserved area 
                                        if the Secretary certifies that 
                                        imposition of such penalty 
                                        would result in an immediate 
                                        threat to access to care for 
                                        individuals in the service area 
                                        of such hospital.
                                            ``(bb) Limitation on 
                                        application.--The Secretary may 
                                        not elect to waive a penalty 
                                        under item (aa) with respect to 
                                        a hospital more than once in a 
                                        6-year period and may not elect 
                                        to reduce such a penalty with 
                                        respect to such a hospital more 
                                        than once in such a period. 
                                        Nothing in the preceding 
                                        sentence shall be construed as 
                                        prohibiting the Secretary from 
                                        both waiving and reducing a 
                                        penalty with respect to a 
                                        hospital during a 6-year 
                                        period.
                                    ``(II) Reduction if hearing 
                                waived.--The Secretary may reduce any 
                                penalty otherwise applicable under this 
                                subparagraph (as reduced, if 
                                applicable, under subclause (I)) by not 
                                more than 35 percent if the specified 
                                hospital that is subject of such 
                                penalty agrees to waive any right of 
                                such hospital to a hearing before an 
                                administrative law judge with respect 
                                to the imposition of such penalty.
                            ``(v) Provision of technical assistance.--
                        The Secretary shall, to the extent practicable, 
                        provide technical assistance relating to 
                        compliance with the provisions of this 
                        subsection to hospitals requesting such 
                        assistance.
                            ``(vi) Hardship exemption.--Notwithstanding 
                        any limit on the waiver or reduction of a 
                        penalty under clause (iv), the Secretary may 
                        waive any penalty with respect to a hospital on 
                        a case-by-case basis if the Secretary 
                        determines that a circumstance exists 
                        interfering with such hospital's ability to 
                        comply with the provisions of this subsection 
                        (such as a natural disaster (as defined in 
                        section 602(a) of the Robert T. Stafford 
                        Disaster Relief and Emergency Assistance Act), 
                        a public health emergency, or other similar or 
                        unexpected catastrophe or similar situation).
                            ``(vii) Application of certain 
                        provisions.--The provisions of section 1128A of 
                        the Social Security Act (other than subsections 
                        (a) and (b) of such section) shall apply to a 
                        civil monetary penalty imposed under this 
                        subparagraph in the same manner as such 
                        provisions apply to a civil monetary penalty 
                        imposed under subsection (a) of such section.
                            ``(viii) Nonduplication of penalties.--
                                    ``(I) In general.--The Secretary 
                                may not subject a hospital to a civil 
                                monetary penalty under this 
                                subparagraph with respect to 
                                noncompliance with the provisions of 
                                this subsection for a period if the 
                                Secretary has imposed a civil monetary 
                                penalty on such hospital under section 
                                1899D of the Social Security Act for 
                                failure to comply with the provisions 
                                of such section for such period.
                                    ``(II) Prioritization.--In the case 
                                of a hospital that the Secretary 
                                determines to be in violation of the 
                                provisions of this subsection and of 
                                section 1899D of the Social Security 
                                Act, the Secretary shall impose 
                                penalties as prescribed in this 
                                subsection in lieu of any penalties 
                                prescribed in such section 1899D.
                    ``(C) Publication of hospital price transparency 
                information.--Beginning on January 1, 2028, the 
                Secretary shall make publicly available on the public 
                website of the Centers for Medicare & Medicaid Services 
                information with respect to compliance with the 
                requirements of this subsection and enforcement 
                activities undertaken by the Secretary under this 
                subsection. Such information shall be updated in real 
                time (if practicable) and include--
                            ``(i) the number of reviews of compliance 
                        with this subsection undertaken by the 
                        Secretary;
                            ``(ii) the number of notifications 
                        described in subparagraph (A)(i) sent by the 
                        Secretary;
                            ``(iii) the identity of each hospital that 
                        was sent such a notification and a description 
                        of the nature of such hospital's noncompliance 
                        with this subsection;
                            ``(iv) the amount of any civil monetary 
                        penalty imposed on such hospital under 
                        subparagraph (B);
                            ``(v) whether such hospital subsequently 
                        came into compliance with this subsection;
                            ``(vi) any waivers or reductions of 
                        penalties made pursuant to a certification by 
                        the Secretary under subparagraph (B)(iv), 
                        including--
                                    ``(I) the name of any hospital that 
                                received such a waiver or reduction;
                                    ``(II) the dollar amount of each 
                                such penalty so waived or reduced; and
                                    ``(III) the rationale for the 
                                granting of each such waiver or 
                                reduction, but only to the extent that 
                                such rationale does not make public 
                                commercially sensitive information; and
                            ``(vii) any other information as determined 
                        by the Secretary.
            ``(5) Ensuring accessibility through implementation.--In 
        implementing this subsection, the Secretary shall through 
        rulemaking ensure that a hospital making public charges and 
        prices pursuant to this section takes reasonable steps (as 
        specified by the Secretary) to ensure the accessibility of such 
        charges and information to individuals with limited English 
        proficiency. Such steps may include the hospital's provision of 
        interpretation services or the hospital's provision of 
        translations of charges and information.
            ``(6) Definitions.--For purposes of this subsection:
                    ``(A) Discounted cash price.--The term `discounted 
                cash price' means the charge that applies to an 
                individual who pays cash, or cash equivalent, for a 
                hospital-furnished item or service.
                    ``(B) Gross charge.--The term `gross charge' means 
                the charge for an individual item or service that is 
                reflected on a hospital's chargemaster, absent any 
                discounts.
                    ``(C) Payer-specific negotiated charge.--The term 
                `payer-specific negotiated charge' means the charge 
                that a hospital has negotiated with a third party payer 
                for an item or service.
                    ``(D) Shoppable service.--The term `shoppable 
                service' means a service that can be scheduled by a 
                health care consumer in advance and includes all 
                ancillary items and services customarily furnished as 
                part of such service.
                    ``(E) Third party payer.--The term `third party 
                payer' means an entity that is, by statute, contract, 
                or agreement, legally responsible for payment of a 
                claim for a health care item or service.''.
            (2) Conforming amendments.--Section 2718 of the Public 
        Health Service Act (42 U.S.C. 300gg-18) is amended--
                    (A) in subsection (b)(3), by inserting ``(other 
                than the provisions of subsection (f))'' after ``this 
                section''; and
                    (B) in subsection (e), by adding at the end the 
                following new sentence: ``The preceding provisions of 
                this subsection shall not apply beginning on January 1, 
                2028.''.
            (3) Rule of construction.--Nothing in the amendments made 
        by this subsection may be construed to impede, prohibit, or 
        prevent the Secretary of Health and Human Services from 
        implementing, executing, carrying out, or enforcing the 
        requirements of section 1899D of the Social Security Act.

SEC. 3. CLINICAL DIAGNOSTIC LABORATORY TEST PRICE TRANSPARENCY.

    Section 1846 of the Social Security Act (42 U.S.C. 1395w-2) is 
amended--
            (1) in the header, by inserting ``and additional 
        requirements'' after ``sanctions''; and
            (2) by adding at the end the following new subsection:
    ``(c) Price Transparency Requirement.--
            ``(1) In general.--Beginning January 1, 2028, any 
        applicable laboratory that receives payment under this title 
        for furnishing any specified clinical diagnostic laboratory 
        test under this title shall--
                    ``(A) make publicly available on an internet 
                website the information described in paragraph (2) with 
                respect to each such specified clinical diagnostic 
                laboratory test that such laboratory so furnishes;
                    ``(B) ensure that such information is updated not 
                less frequently than annually; and
                    ``(C) include on the website described in 
                subparagraph (A) an attestation that all such 
                information is complete and accurate.
            ``(2) Information described.--For purposes of paragraph 
        (1), the information described in this paragraph is, with 
        respect to an applicable laboratory and a specified clinical 
        diagnostic laboratory test, the discounted cash price for such 
        test (or, if no such price exists, the gross charge for such 
        test).
            ``(3) Uniform method and format.--Not later than January 1, 
        2028, the Secretary shall establish a standard, uniform method 
        and format for applicable laboratories to use in compiling and 
        making public information pursuant to paragraph (1). Such 
        method and format--
                    ``(A) may be similar to any template made available 
                by the Centers for Medicare & Medicaid Services (as 
                described in section 1899D(a)(2)(C)(ii));
                    ``(B) shall meet such standards as determined 
                appropriate by the Secretary in order to ensure the 
                accessibility and usability of such information; and
                    ``(C) shall be updated as determined appropriate by 
                the Secretary, in consultation with stakeholders.
            ``(4) Inclusion of ancillary services.--Any price or charge 
        for a specified clinical diagnostic laboratory test furnished 
        by an applicable laboratory made publicly available in 
        accordance with paragraph (1) shall include the price or charge 
        (as applicable) for any ancillary item or service (such as 
        specimen collection services) that would normally be furnished 
        by such laboratory as part of such test, as specified by the 
        Secretary.
            ``(5) Enforcement.--
                    ``(A) In general.--In the case that the Secretary 
                determines that an applicable laboratory is not in 
                compliance with paragraph (1)--
                            ``(i) not later than 30 days after such 
                        determination, the Secretary shall notify such 
                        laboratory of such determination; and
                            ``(ii) if such laboratory continues to fail 
                        to comply with such paragraph after the date 
                        that is 90 days after such notification is 
                        sent, the Secretary may impose a civil monetary 
                        penalty in an amount not to exceed $300 for 
                        each day (beginning with the day on which the 
                        Secretary first determined that such laboratory 
                        was failing to comply with such paragraph) 
                        during which such failure is ongoing.
                    ``(B) Increase authority.--In applying this 
                paragraph with respect to violations occurring in 2029 
                or a subsequent year, the Secretary may through notice 
                and comment rulemaking increase the per day limitation 
                on civil monetary penalties under subparagraph (A)(ii).
                    ``(C) Application of certain provisions.--The 
                provisions of section 1128A (other than subsections (a) 
                and (b) of such section) shall apply to a civil 
                monetary penalty imposed under this paragraph in the 
                same manner as such provisions apply to a civil 
                monetary penalty imposed under subsection (a) of such 
                section.
            ``(6) Provision of technical assistance.--The Secretary 
        shall, to the extent practicable, provide technical assistance 
        relating to compliance with the provisions of this subsection 
        to applicable laboratories requesting such assistance.
            ``(7) Definitions.--In this subsection:
                    ``(A) Applicable laboratory.--The term `applicable 
                laboratory' has the meaning given such term in section 
                414.502, of title 42, Code of Federal Regulations (or a 
                successor regulation), except that such term does not 
                include a laboratory with respect to which standard 
                charges and prices for specified clinical diagnostic 
                laboratory tests furnished by such laboratory are made 
                available by--
                            ``(i) a specified hospital pursuant to 
                        section 1899D;
                            ``(ii) a hospital pursuant to section 
                        2718(f) of the Public Health Service Act; or
                            ``(iii) an ambulatory surgical center 
                        pursuant to section 1834(bb).
                    ``(B) Discounted cash price.--The term `discounted 
                cash price' means the charge that applies to an 
                individual who pays cash, or cash equivalent, for an 
                item or service.
                    ``(C) Gross charge.--The term `gross charge' means 
                the charge for an individual item or service that is 
                reflected on an applicable laboratory's chargemaster 
                (or similar list of prices), absent any discounts.
                    ``(D) Specified clinical diagnostic laboratory 
                test.--the term `specified clinical diagnostic 
                laboratory test' means a clinical diagnostic laboratory 
                test that is included on the list of shoppable services 
                specified by the Centers for Medicare & Medicaid 
                Services (as described in section 
                1899D(a)(2)(A)(ii)(I)), other than an advanced 
                diagnostic laboratory test (as defined in section 
                1834A(d)(5)).
                    ``(E) Specified hospital.--The term `specified 
                hospital' has the meaning given such term in section 
                1899D.''.

SEC. 4. IMAGING PRICE TRANSPARENCY.

    Section 1899D of the Social Security Act, as added by section 2, is 
amended--
            (1) by redesignating subsections (b) and (c) as subsections 
        (c) and (d), respectively;
            (2) by inserting after subsection (a) the following new 
        subsection:
    ``(b) Imaging Services Price Transparency.--
            ``(1) In general.--Beginning January 1, 2028, each provider 
        of services and supplier that receives payment under this title 
        for furnishing a specified imaging service, other than such a 
        provider or supplier with respect to which standard charges and 
        prices for such services furnished by such provider or supplier 
        are made available by a specified hospital pursuant to 
        subsection (a), a hospital pursuant to section 2718(f) of the 
        Public Health Service Act, or an ambulatory surgical center 
        pursuant to section 1834(bb), shall--
                    ``(A) make publicly available (in accordance with 
                paragraph (3)) on an internet website the information 
                described in paragraph (2) with respect to each such 
                service that such provider of services or supplier 
                furnishes;
                    ``(B) ensure that such information is updated not 
                less frequently than annually; and
                    ``(C) include on the website described in 
                subparagraph (A) an attestation that all such 
                information is complete and accurate.
            ``(2) Information described.--For purposes of paragraph 
        (1), the information described in this paragraph is, with 
        respect to a provider of services or supplier and a specified 
        imaging service, the discounted cash price for such service 
        (or, if no such price exists, the gross charge for such 
        service).
            ``(3) Uniform method and format.--Not later than January 1, 
        2028, the Secretary shall establish a standard, uniform method 
        and format for providers of services and suppliers to use in 
        making public information described in paragraph (2). Any such 
        method and format--
                    ``(A) may be similar to any template made available 
                by the Centers for Medicare & Medicaid Services (as 
                described in subsection (a)(2)(C)(ii));
                    ``(B) shall meet such standards as determined 
                appropriate by the Secretary in order to ensure the 
                accessibility and usability of such information; and
                    ``(C) shall be updated as determined appropriate by 
                the Secretary, in consultation with stakeholders.
            ``(4) Monitoring compliance.--The Secretary shall, through 
        notice and comment rulemaking, establish a process to monitor 
        compliance with this subsection.
            ``(5) Enforcement.--
                    ``(A) In general.--In the case that the Secretary 
                determines that a provider of services or supplier is 
                not in compliance with paragraph (1)--
                            ``(i) not later than 30 days after such 
                        determination, the Secretary shall notify such 
                        provider or supplier of such determination;
                            ``(ii) upon request of the Secretary, such 
                        provider or supplier shall submit to the 
                        Secretary, not later than 45 days after the 
                        date of such request, a corrective action plan 
                        to comply with such paragraph; and
                            ``(iii) if such provider or supplier 
                        continues to fail to comply with such paragraph 
                        after the date that is 90 days after such 
                        notification is sent (or, in the case of such a 
                        provider or supplier that has submitted a 
                        corrective action plan described in clause (ii) 
                        in response to a request so described, after 
                        the date that is 90 days after such 
                        submission), the Secretary may impose a civil 
                        monetary penalty in an amount not to exceed 
                        $300 for each day (beginning with the day on 
                        which the Secretary first determined that such 
                        provider or supplier was failing to comply with 
                        such paragraph) during which such failure to 
                        comply or failure to submit is ongoing.
                    ``(B) Increase authority.--In applying this 
                paragraph with respect to violations occurring in 2029 
                or a subsequent year, the Secretary may through notice 
                and comment rulemaking increase the amount of the civil 
                monetary penalty under subparagraph (A)(iii).
                    ``(C) Application of certain provisions.--The 
                provisions of section 1128A (other than subsections (a) 
                and (b) of such section) shall apply to a civil 
                monetary penalty imposed under this paragraph in the 
                same manner as such provisions apply to a civil 
                monetary penalty imposed under subsection (a) of such 
                section.
                    ``(D) Authority to waive or reduce penalty.--
                            ``(i) In general.--Subject to clause (ii), 
                        the Secretary may waive or reduce any penalty 
                        otherwise applicable with respect to a provider 
                        of services or supplier under this subparagraph 
                        if the Secretary determines that imposition of 
                        such penalty would result in an immediate 
                        threat to access to care for individuals in the 
                        service area of such provider or supplier.
                            ``(ii) Limitation.--The Secretary may not 
                        elect to waive or reduce a penalty under clause 
                        (i) with respect to a specific provider of 
                        services or supplier more than 3 times in a 10 
                        year period.
                    ``(E) Provision of technical assistance.--The 
                Secretary shall, to the extent practicable, provide 
                technical assistance relating to compliance with the 
                provisions of this subsection to providers of services 
                and suppliers requesting such assistance.
                    ``(F) Clarification of nonapplicability of other 
                enforcement provisions.--Notwithstanding any other 
                provision of this title, this paragraph shall be the 
                sole means of enforcing the provisions of this 
                subsection.''; and
            (3) in subsection (d), as so redesignated by paragraph (1), 
        by adding at the end the following new paragraph:
            ``(5) Specified imaging service.--the term `specified 
        imaging service' means an imaging service that is included on 
        the list of Centers for Medicare & Medicaid Services-specified 
        shoppable services (as described in subsection 
        (a)(2)(A)(ii)(I)).''.

SEC. 5. AMBULATORY SURGICAL CENTER PRICE TRANSPARENCY.

    Section 1834 of the Social Security Act (42 U.S.C. 1395m) is 
amended by adding at the end the following new subsection:
    ``(bb) Ambulatory Surgical Center Price Transparency.--
            ``(1) In general.--Beginning January 1, 2028, each 
        ambulatory surgical center that receives payment under this 
        title for furnishing items and services shall comply with the 
        price transparency requirement described in paragraph (2).
            ``(2) Requirement described.--
                    ``(A) In general.--For purposes of paragraph (1), 
                the price transparency requirement described in this 
                subsection is, with respect to an ambulatory surgical 
                center, that such surgical center in accordance with a 
                method and format established by the Secretary under 
                subparagraph (C), compile and make public (without 
                subscription and free of charge), for each year--
                            ``(i) all of the ambulatory surgical 
                        center's standard charges (including the 
                        information described in subparagraph (B)) for 
                        each item and service furnished by such 
                        surgical center;
                            ``(ii) information in a consumer-friendly 
                        format (as specified by the Secretary) on the 
                        ambulatory surgical center's prices (including 
                        the information described in subparagraph (B)) 
                        for as many of the Centers for Medicare & 
                        Medicaid Services-specified shoppable services 
                        (as specified by the Secretary) that are 
                        furnished by such surgical center, and as many 
                        additional ambulatory surgical center-selected 
                        shoppable services (or all such additional 
                        services, if such surgical center furnishes 
                        fewer than 300 shoppable services) as may be 
                        necessary for a combined total of at least 300 
                        shoppable services;
                            ``(iii) with respect to each Centers for 
                        Medicare & Medicaid Services-specified 
                        shoppable service that is not furnished by the 
                        ambulatory surgical center, an indication that 
                        such service is not so furnished; and
                            ``(iv) an attestation that all standard 
                        charges described in clause (i), information 
                        described in clause (ii), and indications 
                        described in clause (iii) are complete and 
                        accurate.
                    ``(B) Information described.--For purposes of 
                subparagraph (A), the information described in this 
                subparagraph is, with respect to standard charges and 
                prices, as applicable, made public by an ambulatory 
                surgical center, the following:
                            ``(i) A plain language description (as 
                        specified by the Secretary) of each item or 
                        service, accompanied by, as applicable, the 
                        Healthcare Common Procedure Coding System code, 
                        the national drug code, or other identifier 
                        used or approved by the Centers for Medicare & 
                        Medicaid Services.
                            ``(ii) The gross charge, as applicable, 
                        expressed as a dollar amount, for each such 
                        item or service.
                            ``(iii) For each such item or service--
                                    ``(I) the discounted cash price, as 
                                applicable, expressed as a dollar 
                                amount; or
                                    ``(II) in the case no discounted 
                                cash price is available for an item or 
                                service, the median cash price charged 
                                to self-pay individuals for such item 
                                or service for the previous three 
                                years, expressed as a dollar amount.
                            ``(iv) Any other additional information the 
                        Secretary may require (in consultation with 
                        stakeholders) for the purpose of improving the 
                        accuracy of, or enabling consumers to easily 
                        understand and compare, standard charges and 
                        prices for an item or service, except 
                        information that is duplicative of any other 
                        reporting requirement under this subsection.
                    ``(C) Uniform method and format.--Not later than 
                January 1, 2028, the Secretary shall establish a 
                standard, uniform method and format for ambulatory 
                surgical centers to use in making public standard 
                charges pursuant to subparagraph (A)(i) and a standard, 
                uniform method and format for such centers to use in 
                making public prices pursuant to subparagraph (A)(ii). 
                Any such method and format--
                            ``(i) shall, in the case of such charges 
                        made public by an ambulatory surgical center, 
                        ensure that such charges are made available in 
                        a machine-readable format (or successor 
                        technology);
                            ``(ii) may be similar to any template made 
                        available by the Centers for Medicare & 
                        Medicaid Services (as described in section 
                        1899D(a)(2)(C)(ii));
                            ``(iii) shall meet such standards as 
                        determined appropriate by the Secretary in 
                        order to ensure the accessibility and usability 
                        of such charges and prices; and
                            ``(iv) shall be updated as determined 
                        appropriate by the Secretary, in consultation 
                        with stakeholders.
            ``(3) Monitoring compliance.--The Secretary shall establish 
        processes to monitor and assess ambulatory surgical centers' 
        compliance with this subsection. Such processes shall include 
        processes relating to the following:
                    ``(A) The evaluation and analysis of complaints 
                made by individuals or other entities relating to such 
                centers' compliance with this subsection.
                    ``(B) The use of audits to ensure such centers' 
                compliance with this subsection.
                    ``(C) The obtaining of additional information from 
                such centers to determine such centers' compliance with 
                this subsection (as determined appropriate by the 
                Secretary).
            ``(4) Enforcement.--
                    ``(A) In general.--In the case of an ambulatory 
                surgical center that fails to comply with the 
                requirements of this subsection--
                            ``(i) the Secretary shall notify such 
                        ambulatory surgical center of such failure not 
                        later than 30 days after the date on which the 
                        Secretary determines such failure exists; and
                            ``(ii) upon request of the Secretary, the 
                        ambulatory surgical center shall submit to the 
                        Secretary, not later than 45 days after the 
                        date of such request, a corrective action plan 
                        to comply with such requirements.
                    ``(B) Civil monetary penalty.--
                            ``(i) In general.--In addition to any other 
                        enforcement actions or penalties that may apply 
                        under another provision of Federal law, an 
                        ambulatory surgical center that has received a 
                        notification under subparagraph (A)(i) and 
                        fails to comply with the requirements of this 
                        subsection by the date that is 90 days after 
                        such notification (or, in the case of an 
                        ambulatory surgical center that has submitted a 
                        corrective action plan described in 
                        subparagraph (A)(ii) in response to a request 
                        so described and has failed to comply with such 
                        requirements by the date that is 90 days after 
                        such submission) shall be subject to a civil 
                        monetary penalty of an amount specified by the 
                        Secretary for each day (beginning with the day 
                        on which the Secretary first determined that 
                        such center was not complying with such 
                        requirements) during which such failure is 
                        ongoing (not to exceed $300 per day).
                            ``(ii) Increase authority.--In applying 
                        this subparagraph with respect to violations 
                        occurring in 2029 or a subsequent year, the 
                        Secretary may through notice and comment 
                        rulemaking increase the limitation on the per 
                        day amount of any penalty applicable to an 
                        ambulatory surgical center under clause (i).
                            ``(iii) Application of certain 
                        provisions.--The provisions of section 1128A 
                        (other than subsections (a) and (b) of such 
                        section) shall apply to a civil monetary 
                        penalty imposed under this subparagraph in the 
                        same manner as such provisions apply to a civil 
                        monetary penalty imposed under subsection (a) 
                        of such section.
                            ``(iv) Authority to waive or reduce 
                        penalty.--
                                    ``(I) Centers located in rural or 
                                underserved areas.--
                                            ``(aa) In general.--Subject 
                                        to item (bb), the Secretary may 
                                        waive any penalty, or reduce 
                                        any penalty by not more than 75 
                                        percent, otherwise applicable 
                                        under this subparagraph with 
                                        respect to an ambulatory 
                                        surgical center located in a 
                                        rural or underserved area if 
                                        the Secretary certifies that 
                                        imposition of such penalty 
                                        would result in an immediate 
                                        threat to access to care for 
                                        individuals in the service area 
                                        of such center.
                                            ``(bb) Limitation on 
                                        application.--The Secretary may 
                                        not elect to waive a penalty 
                                        under item (aa) with respect to 
                                        an ambulatory surgical center 
                                        more than once in a 6-year 
                                        period and may not elect to 
                                        reduce such a penalty with 
                                        respect to such a center more 
                                        than once in such a period. 
                                        Nothing in the preceding 
                                        sentence shall be construed as 
                                        prohibiting the Secretary from 
                                        both waiving and reducing a 
                                        penalty with respect to an 
                                        ambulatory surgical center 
                                        during a 6-year period.
                                    ``(II) Reduction if hearing 
                                waived.--The Secretary may reduce any 
                                penalty otherwise applicable under this 
                                subparagraph (as reduced, if 
                                applicable, under subclause (I)) by not 
                                more than 35 percent if the ambulatory 
                                surgical center that is the subject of 
                                such penalty agrees to waive any right 
                                of such center to a hearing before an 
                                administrative law judge with respect 
                                to the imposition of such penalty.
            ``(5) Provision of technical assistance.--The Secretary 
        shall, to the extent practicable, provide technical assistance 
        relating to compliance with the provisions of this subsection 
        to ambulatory surgical centers requesting such assistance.
            ``(6) Definitions.--For purposes of this subsection:
                    ``(A) Discounted cash price.--The term `discounted 
                cash price' means the charge that applies to an 
                individual who pays cash, or cash equivalent, for an 
                item or service furnished by an ambulatory surgical 
                center.
                    ``(B) Gross charge.--The term `gross charge' means 
                the charge for an individual item or service that is 
                reflected on an ambulatory surgical center's 
                chargemaster, absent any discounts.
                    ``(C) Shoppable service.--The term `shoppable 
                service' means a service that can be scheduled by a 
                health care consumer in advance and includes all 
                ancillary items and services customarily furnished as 
                part of such service.''.

SEC. 6. HEALTH COVERAGE PRICE TRANSPARENCY.

    (a) Price Transparency Requirements.--
            (1) IRC.--
                    (A) In general.--Section 9819 of the Internal 
                Revenue Code of 1986 is amended--
                            (i) in the header, by striking 
                        ``maintenance of price comparison tool'' and 
                        inserting ``transparency in coverage'';
                            (ii) by striking ``A group health plan'' 
                        and inserting the following:
    ``(a) Maintenance of Price Comparison Tool for Plan Years Before 
2028.--
            ``(1) In general.--A group health plan'';
                            (iii) in subsection (a), as inserted by 
                        clause (ii), by adding at the end the following 
                        new paragraph:
            ``(2) Sunset.--Paragraph (1) shall not apply with respect 
        to plan years beginning on or after January 1, 2028.''; and
                            (iv) by adding at the end the following new 
                        subsections:
    ``(b) Cost-sharing Transparency.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, a group health plan shall provide a 
        participant or beneficiary, in a timely manner upon request of 
        the participant or beneficiary, information on the amount of 
        cost-sharing (including deductibles, copayments, and 
        coinsurance) under the participant or beneficiary's plan that 
        the participant or beneficiary would be responsible for paying 
        with respect to the furnishing of a specific item or service by 
        a provider. At a minimum, such information shall include the 
        information specified in paragraph (2) and shall be made 
        available to such participant or beneficiary through a self-
        service tool that meets the requirements of paragraph (3) or, 
        at the option of such participant or beneficiary, through a 
        paper disclosure or phone or other electronic disclosure (as 
        selected by such participant or beneficiary and provided at no 
        cost to such participant or beneficiary) that meets such 
        requirements as the Secretary may specify.
            ``(2) Specified information.--For purposes of paragraph 
        (1), the information specified in this paragraph is, with 
        respect to an item or service for which benefits are available 
        under a group health plan furnished by a health care provider 
        to a participant or beneficiary of such plan, the following:
                    ``(A) If such provider is a participating provider 
                with respect to such item or service, the in-network 
                rate for such item or service.
                    ``(B) If such provider is not a participating 
                provider with respect to such item or service, the 
                maximum allowed amount or other dollar amount that such 
                plan will recognize as payment for such item or 
                service, along with a notice that such participant or 
                beneficiary may be liable for additional charges.
                    ``(C) The estimated amount of cost sharing 
                (including deductibles, copayments, and coinsurance) 
                that the participant or beneficiary will incur for such 
                item or service (which, in the case such item or 
                service is to be furnished by a provider described in 
                subparagraph (B), shall be calculated using the maximum 
                allowed amount or other dollar amount described in such 
                subparagraph).
                    ``(D) The amount the participant or beneficiary has 
                already accumulated with respect to any deductible or 
                out of pocket maximum under the plan (broken down, in 
                the case separate deductibles or maximums apply to a 
                participant and such participant's beneficiaries 
                enrolled in the plan, by such separate deductibles or 
                maximums, in addition to any cumulative deductible or 
                maximum).
                    ``(E) In the case such plan imposes any frequency 
                or volume limitations with respect to such item or 
                service (excluding medical necessity determinations), 
                the amount that such participant or beneficiary has 
                accrued towards such limitation with respect to such 
                item or service.
                    ``(F) Any prior authorization, concurrent review, 
                step therapy, fail first, or similar requirements 
                applicable to coverage of such item or service under 
                such plan.
                    ``(G) Any financial incentives (such as any credit, 
                payment, or other benefit provided by such plan) 
                available to the participant or beneficiary with 
                respect to such item or service furnished by such 
                provider known at the time such request is made.
                    ``(H) In the case such item or service is an 
                applicable spread price drug dispensed by a pharmacy--
                            ``(i) a specification that such item or 
                        service is such an applicable spread price 
                        drug;
                            ``(ii) the amount of the difference (if 
                        any) between the specified payment amount for 
                        such drug so dispensed by such pharmacy and the 
                        specified reimbursement amount for such drug so 
                        dispensed by such pharmacy;
                            ``(iii) a plain language statement 
                        specified by the Secretary that explains the 
                        concept of spread pricing and how such item's 
                        status as such an applicable spread price drug 
                        may impact the amount such plan pays for such 
                        drug and cost sharing amounts for such drug 
                        described in subparagraph (C); and
                            ``(iv) a plain language statement specified 
                        by the Secretary informing the participant or 
                        beneficiary of the participant's or 
                        beneficiary's ability to obtain a summary 
                        document relating to drug pricing information 
                        described in section 9826(b)(2)(B)(ii).
            ``(3) Self-service tool.--For purposes of paragraph (1), a 
        self-service tool established by a group health plan meets the 
        requirements of this paragraph if such tool--
                    ``(A) is based on an Internet website (or successor 
                technology specified by the Secretary);
                    ``(B) provides for real-time responses to requests 
                described in paragraph (1);
                    ``(C) is updated in a manner such that information 
                provided through such tool is timely and accurate at 
                the time such request is made;
                    ``(D) allows such a request to be made with respect 
                to an item or service furnished by--
                            ``(i) a specific provider that is a 
                        participating provider with respect to such 
                        item or service;
                            ``(ii) all providers that are participating 
                        providers with respect to such item or service; 
                        or
                            ``(iii) a provider located in a relevant 
                        geographic region that is not a participating 
                        provider with respect to such item or service;
                    ``(E) provides that such a request may be made with 
                respect to an item or service through use of the 
                billing code for such item or service or through use of 
                a descriptive term for such item or service; and
                    ``(F) meets any other requirement determined 
                appropriate by the Secretary, including requirements to 
                ensure the accessibility and usability of information 
                provided through such tool.
        The Secretary may require such tool, as a condition of 
        complying with subparagraph (E), to link multiple billing codes 
        to a single descriptive term if the Secretary determines that 
        the billing codes to be so linked correspond to similar items 
        and services.
    ``(c) Rate and Payment Information.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, each group health plan (other than a 
        grandfathered health plan (as defined in section 1251(e) of the 
        Patient Protection and Affordable Care Act)) shall make 
        available to the public the rate and payment information 
        described in paragraph (2) in accordance with paragraph (3).
            ``(2) Rate and payment information described.--For purposes 
        of paragraph (1), the rate and payment information described in 
        this paragraph is, with respect to a group health plan, the 
        following:
                    ``(A) With respect to each item or service (other 
                than a drug) for which benefits are available under 
                such plan--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the date on 
                        which such information is made public with each 
                        provider that is a participating provider with 
                        respect to such item or service;
                            ``(ii) with respect to each such provider, 
                        an indication of whether, during the 1-year 
                        period beginning 18 months before the date such 
                        information is made public, such provider 
                        submitted a claim for such item or service to 
                        such plan; and
                            ``(iii) in the case that such plan provides 
                        benefits for such item or service only when 
                        furnished by a specific type of provider, a 
                        specification of each type of provider that may 
                        furnish such item or service under such plan;
                    ``(B) With respect to each drug (identified by 
                national drug code) for which benefits are available 
                under such plan--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the first day of 
                        the month in which such information is made 
                        public with each provider that is a 
                        participating provider with respect to such 
                        drug;
                            ``(ii) the average amount paid by such plan 
                        (accounting for, in a manner determined 
                        appropriate by the Secretary, rebates, 
                        discounts, price concessions, and any other 
                        remuneration specified by the Secretary) for 
                        such drug dispensed or administered during the 
                        90-day period beginning 180 days before such 
                        date of publication to each provider that was a 
                        participating provider with respect to such 
                        drug, broken down by each such provider, unless 
                        fewer than 20 claims for such drug were 
                        submitted to such plan during such period; and
                            ``(iii) in the case such drug is an 
                        applicable spread price drug dispensed by a 
                        pharmacy--
                                    ``(I) a specification that such 
                                drug is such an applicable spread price 
                                drug; and
                                    ``(II) for each pharmacy that has a 
                                contractual relationship for dispensing 
                                such drug under such plan, a 
                                specification of the difference (if 
                                any) between the specified payment 
                                amount for such drug so dispensed by 
                                such pharmacy and the specified 
                                reimbursement amount for such drug so 
                                dispensed by such pharmacy.
                    ``(C) With respect to each item or service for 
                which benefits are available under such plan, the 
                amount billed, and the amount allowed by the plan, for 
                each such item or service furnished during the 6-month 
                period beginning 9 months before the date such 
                information is made public by a provider that was not a 
                participating provider with respect to such item or 
                service, broken down by each such provider, other than 
                such an amount with respect to an item or service 
                furnished by a provider that, during such period, 
                submitted fewer than 11 claims for such item or service 
                to such plan.
            ``(3) Manner of publication.--
                    ``(A) In general.--Rate and payment information 
                required to be made available under this subsection 
                shall be so made available in dollar amounts through 
                separate machine-readable files (and any successor 
                technology, as applicable, such as application 
                programming interface technology, determined 
                appropriate by the Secretary) corresponding to the 
                information described in each of subparagraphs (A) 
                through (C) of paragraph (2) that meet such 
                requirements as specified by the Secretary (which may 
                be so specified through subregulatory guidance). Such 
                requirements shall ensure that such files are limited 
                to an appropriate size, do not include disclosure of 
                unnecessary duplicative information contained in other 
                files made available under this subsection, are made 
                available in a widely available format through a 
                publicly available website that allows for information 
                contained in such files to be compared across group 
                health plans and group or individual health insurance 
                coverage, and are accessible to individuals at no cost 
                and without the need to establish a user account or 
                provide other credentials.
                    ``(B) Timing.--Rate and payment information--
                            ``(i) described in subparagraph (A) or (B) 
                        of paragraph (2) shall be made public on a 
                        quarterly basis; and
                            ``(ii) described in subparagraph (C) of 
                        paragraph (2) shall be made public on a monthly 
                        basis.
            ``(4) User instructions.--Each group health plan shall make 
        available to the public instructions written in plain language 
        explaining how individuals may search for information described 
        in paragraph (2) in files submitted in accordance with 
        paragraph (3). The Secretary shall develop and publish through 
        subregulatory guidance a template that such a plan may use in 
        developing instructions for purposes of the preceding sentence.
            ``(5) Summary.--For each plan year beginning on or after 
        January 1, 2028, each group health plan shall make public a 
        data file, in a manner that ensures that such file may be 
        easily downloaded and read by standard spreadsheet software and 
        that meets such requirements as established by the Secretary, 
        containing a summary of all rate and payment information made 
        public by such plan with respect to such plan during such plan 
        year. Such file shall include the following:
                    ``(A) The mean, median, and interquartile range of 
                the in-network rate, and the amount allowed for an item 
                or service when not furnished by a participating 
                provider, in effect as of the first day of such plan 
                year for each item or service (identified by payer 
                identifier approved or used by the Centers for Medicare 
                & Medicaid Services) for which benefits are available 
                under the plan, broken down by the type of provider 
                furnishing the item or service and by the geographic 
                area in which such item or service is furnished.
                    ``(B) Trends in payment rates for such items and 
                services over such plan year, including an 
                identification of instances in which such rates have 
                increased, decreased, or remained the same.
                    ``(C) The name of such plan, a description of the 
                type of network of participating providers used by such 
                plan, and a description of whether such plan is self-
                insured or fully-insured.
                    ``(D) For each item or service which is paid as 
                part of a bundled or capitated rate--
                            ``(i) a description of the formulae, 
                        pricing methodologies, or other information 
                        used to calculate the payment rate for such 
                        rate; and
                            ``(ii) a list of the items and services 
                        included in such rate.
                    ``(E) The percentage of items and services that are 
                paid for on a fee-for-service basis and the percentage 
                of items and services that are paid for as part of a 
                bundled rate, capitated payment rate, or other 
                alternative payment model.
    ``(d) Attestation.--Each group health plan shall annually submit to 
the Secretary an attestation of such plan's compliance with the 
provisions of this section. Such attestation shall include a link to 
the website (or other successor technology) where rate and payment 
information required to be made public under subsection (c) may be 
accessed.
    ``(e) Accessibility.--A group health plan shall take reasonable 
steps (as specified by the Secretary) to ensure that information 
provided in response to a request described in subsection (b), and rate 
and payment information made public under subsection (c), is provided 
in plain, easily understandable language and that interpretation, 
translations, and assistive services are provided to those with limited 
English proficiency and those with disabilities.
    ``(f) PBM Disclosure of Applicable Spread Price Drugs.--An entity 
providing pharmacy benefit management services on behalf of a group 
health plan shall disclose to such plan, at such time and in such 
manner as specified by the Secretary to ensure that information 
provided under subsection (b) and rate and payment information made 
public under subsection (c) is timely and accurate--
            ``(1) a list of drugs (identified by national drug codes) 
        for which benefits are available under such plan that are 
        applicable spread price drugs; and
            ``(2) with respect to each drug included on such list and 
        each pharmacy with a contractual relationship for furnishing 
        such drug under such plan, a specification of the difference 
        (if any) between the specified payment amount for such drug so 
        dispensed by such pharmacy and the specified reimbursement 
        amount for such drug so dispensed by such pharmacy.
    ``(g) Definitions.--In this section:
            ``(1) Applicable spread price drug.--The term `applicable 
        spread price drug' means, with respect to a group health plan, 
        a drug for which benefits are available under such plan and 
        with respect to which, at the time a disclosure described in 
        subsection (f) is required to be made by an entity providing 
        pharmacy benefit management services on behalf of such plan--
                    ``(A) a contract is in effect between such entity 
                and a pharmacy for the dispensing of such drug under 
                such plan; and
                    ``(B) the specified payment amount for such drug so 
                dispensed is less than the specified reimbursement 
                amount for such drug so dispensed.
            ``(2) In-network rate.--The term `in-network rate' means, 
        with respect to a group health plan and an item or service 
        furnished by a provider that is a participating provider with 
        respect to such plan and item or service, the contracted rate 
        (reflected as a dollar amount) in effect between such plan and 
        such provider for such item or service, regardless of whether 
        such rate is calculated based on a set amount, a fee schedule, 
        or an amount derived from another amount, or a formula, or 
        other method.
            ``(3) Participating provider.--The term `participating 
        provider' means, with respect to an item or service and a group 
        health plan, a physician or other health care provider (as 
        defined in paragraph (4)) who is acting within the scope of 
        practice of that provider's license or certification under 
        applicable State law and who has a contractual relationship 
        with the plan for furnishing such item or service under the 
        plan.
            ``(4) Provider.--The term `provider' includes a health care 
        facility and a pharmacy.
            ``(5) Specified payment amount.--The term `specified 
        payment amount' means, with respect to a drug to be dispensed 
        by a pharmacy to a participant or beneficiary of a group health 
        plan where such pharmacy has in effect a contract with an 
        entity providing pharmacy benefit management services on behalf 
        of such plan for the dispensing of such drug under such plan, 
        the amount that such entity has agreed to pay such pharmacy for 
        the ingredient costs and any applicable dispensing fee for such 
        drug (or the amount that such entity has agreed to pay such 
        pharmacy for such drug under any other compensation structure 
        specified by the Secretary) under such contract, taking into 
        account any cost sharing requirement applicable to such drug 
        and participant or beneficiary.
            ``(6) Specified reimbursement amount.--The term `specified 
        reimbursement amount' means, with respect to a drug to be 
        dispensed by a pharmacy to a participant or beneficiary of a 
        group health plan where such pharmacy has in effect a contract 
        with an entity providing pharmacy benefit management services 
        on behalf of such plan for the dispensing of such drug under 
        such plan, that amount that such plan has agreed to pay to such 
        entity for the ingredient costs and any applicable dispensing 
        fee for such drug (or the amount that such plan has agreed to 
        pay such entity for such drug under any other compensation 
        structure specified by the Secretary), taking into account any 
        cost sharing requirement applicable to such drug and 
        participant or beneficiary.''.
                    (B) Clerical amendment.--The item relating to 
                section 9819 of the table of sections for subchapter B 
                of chapter 100 of the Internal Revenue Code of 1986 is 
                amended to read as follows:

``Sec. 9819. Transparency in coverage.''.
            (2) PHSA.--Section 2799A-4 of the Public Health Service Act 
        (42 U.S.C. 300gg-114) is amended--
                    (A) in the header, by striking ``maintenance of 
                price comparison tool'' and inserting ``transparency in 
                coverage'';
                    (B) by striking ``A group health plan'' and 
                inserting the following:
    ``(a) Maintenance of Price Comparison Tool for Plan Years Before 
2028.--
            ``(1) In general.--A group health plan'';
                    (C) in subsection (a), as inserted by subparagraph 
                (B), by adding at the end the following new paragraph:
            ``(2) Sunset.--Paragraph (1) shall not apply with respect 
        to plan years beginning on or after January 1, 2028.''; and
                    (D) by adding at the end the following new 
                subsections:
    ``(b) Cost-sharing Transparency.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, a group health plan and a health insurance 
        issuer offering group or individual health insurance coverage 
        shall provide a participant, beneficiary, or enrollee, in a 
        timely manner upon request of the participant, beneficiary, or 
        enrollee, information on the amount of cost-sharing (including 
        deductibles, copayments, and coinsurance) under the 
        participant, beneficiary, or enrollee's plan or coverage that 
        the participant, beneficiary, or enrollee would be responsible 
        for paying with respect to the furnishing of a specific item or 
        service by a provider. At a minimum, such information shall 
        include the information specified in paragraph (2) and shall be 
        made available to such participant, beneficiary, or enrollee 
        through a self-service tool that meets the requirements of 
        paragraph (3) or, at the option of such participant, 
        beneficiary, or enrollee, through a paper disclosure or phone 
        or other electronic disclosure (as selected by such individual 
        and provided at no cost to such individual) that meets such 
        requirements as the Secretary may specify.
            ``(2) Specified information.--For purposes of paragraph 
        (1), the information specified in this paragraph is, with 
        respect to an item or service for which benefits are available 
        under a group health plan or group or individual health 
        insurance coverage furnished by a health care provider to an 
        individual enrolled under such plan or coverage, the following:
                    ``(A) If such provider is a participating provider 
                with respect to such item or service, the in-network 
                rate for such item or service.
                    ``(B) If such provider is not a participating 
                provider with respect to such item or service, the 
                maximum allowed amount or other dollar amount that such 
                plan or coverage will recognize as payment for such 
                item or service, along with a notice that such 
                individual may be liable for additional charges.
                    ``(C) The estimated amount of cost sharing 
                (including deductibles, copayments, and coinsurance) 
                that the individual will incur for such item or service 
                (which, in the case such item or service is to be 
                furnished by a provider described in subparagraph (B), 
                shall be calculated using the maximum allowed amount or 
                other dollar amount described in such subparagraph).
                    ``(D) The amount the individual has already 
                accumulated with respect to any deductible or out of 
                pocket maximum under the plan or coverage (broken down, 
                in the case separate deductibles or maximums apply to 
                individuals enrolled in the plan or coverage, by such 
                separate deductibles or maximums, in addition to any 
                cumulative deductible or maximum).
                    ``(E) In the case such plan imposes any frequency 
                or volume limitations with respect to such item or 
                service (excluding medical necessity determinations), 
                the amount that such individual has accrued towards 
                such limitation with respect to such item or service.
                    ``(F) Any prior authorization, concurrent review, 
                step therapy, fail first, or similar requirements 
                applicable to coverage of such item or service under 
                such plan or coverage.
                    ``(G) Any financial incentives (such as any credit, 
                payment, or other benefit provided by such plan or 
                issuer) available to the individual with respect to 
                such item or service furnished by such provider known 
                at the time such request is made.
                    ``(H) In the case such item or service is an 
                applicable spread price drug dispensed by a pharmacy--
                            ``(i) a specification that such item or 
                        service is such an applicable spread price 
                        drug;
                            ``(ii) the amount of the difference (if 
                        any) between the specified payment amount for 
                        such drug so dispensed by such pharmacy and the 
                        specified reimbursement amount for such drug so 
                        dispensed by such pharmacy;
                            ``(iii) a plain language statement 
                        specified by the Secretary that explains the 
                        concept of spread pricing and how such item's 
                        status as such an applicable spread price drug 
                        may impact the amount such plan or coverage 
                        pays for such drug and cost sharing amounts for 
                        such drug described in subparagraph (C); and
                            ``(iv) except in the case of individual 
                        health insurance coverage, a plain language 
                        statement specified by the Secretary informing 
                        the participant or beneficiary of the 
                        participant's or beneficiary's ability to 
                        obtain a summary document relating to drug 
                        pricing information described in section 2799A-
                        11(b)(2)(B)(ii).
            ``(3) Self-service tool.--For purposes of paragraph (1), a 
        self-service tool established by a group health plan or health 
        insurance issuer offering group or individual health insurance 
        coverage meets the requirements of this paragraph if such 
        tool--
                    ``(A) is based on an internet website (or successor 
                technology specified by the Secretary);
                    ``(B) provides for real-time responses to requests 
                described in paragraph (1);
                    ``(C) is updated in a manner such that information 
                provided through such tool is timely and accurate at 
                the time such request is made;
                    ``(D) allows such a request to be made with respect 
                to an item or service furnished by--
                            ``(i) a specific provider that is a 
                        participating provider with respect to such 
                        item or service;
                            ``(ii) all providers that are participating 
                        providers with respect to such item or service; 
                        or
                            ``(iii) a provider located in a relevant 
                        geographic region that is not a participating 
                        provider with respect to such item or service;
                    ``(E) provides that such a request may be made with 
                respect to an item or service through use of the 
                billing code for such item or service or through use of 
                a descriptive term for such item or service; and
                    ``(F) meets any other requirement determined 
                appropriate by the Secretary, including requirements to 
                ensure the accessibility and usability of information 
                provided through such tool.
        The Secretary may require such tool, as a condition of 
        complying with subparagraph (E), to link multiple billing codes 
        to a single descriptive term if the Secretary determines that 
        the billing codes to be so linked correspond to similar items 
        and services.
    ``(c) Rate and Payment Information.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, each group health plan and health insurance 
        issuer offering group or individual health insurance coverage 
        (other than a grandfathered health plan (as defined in section 
        1251(e) of the Patient Protection and Affordable Care Act)) 
        shall make available to the public the rate and payment 
        information described in paragraph (2) in accordance with 
        paragraph (3).
            ``(2) Rate and payment information described.--For purposes 
        of paragraph (1), the rate and payment information described in 
        this paragraph is, with respect to a group health plan or group 
        or individual health insurance coverage, the following:
                    ``(A) With respect to each item or service (other 
                than a drug) for which benefits are available under 
                such plan or coverage,--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the date on 
                        which such information is made public with each 
                        provider that is a participating provider with 
                        respect to such item or service;
                            ``(ii) with respect to each such provider, 
                        an indication of whether, during the 1-year 
                        period beginning 18 months before the date such 
                        information is made public, such provider 
                        submitted a claim for such item or service to 
                        such plan or coverage; and
                            ``(iii) in the case that such plan or 
                        coverage provides benefits for such item or 
                        service only when furnished by a specific type 
                        of provider, a specification of each type of 
                        provider that may furnish such item or service 
                        under such plan or coverage;
                    ``(B) With respect to each drug (identified by 
                national drug code) for which benefits are available 
                under such plan or coverage--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the first day of 
                        the month in which such information is made 
                        public with each provider that is a 
                        participating provider with respect to such 
                        drug;
                            ``(ii) the average amount paid by such plan 
                        or coverage (accounting for, in a manner 
                        determined appropriate by the Secretary, 
                        rebates, discounts, price concessions, and any 
                        other remuneration specified by the Secretary) 
                        for such drug dispensed or administered during 
                        the 90-day period beginning 180 days before 
                        such date of publication to each provider that 
                        was a participating provider with respect to 
                        such drug, broken down by each such provider, 
                        unless fewer than 20 claims for such drug were 
                        submitted to such plan or coverage during such 
                        period; and
                            ``(iii) in the case such drug is an 
                        applicable spread price drug dispensed by a 
                        pharmacy--
                                    ``(I) a specification that such 
                                drug is such an applicable spread price 
                                drug; and
                                    ``(II) for each pharmacy that has a 
                                contractual relationship for dispensing 
                                such drug under such plan or coverage, 
                                a specification of the difference (if 
                                any) between the specified payment 
                                amount for such drug so dispensed by 
                                such pharmacy and the specified 
                                reimbursement amount for such drug so 
                                dispensed by such pharmacy.
                    ``(C) With respect to each item or service for 
                which benefits are available under such plan or 
                coverage, the amount billed, and the amount allowed by 
                the plan, for each such item or service furnished 
                during the 6-month period beginning 9 months before the 
                date such information is made public by a provider that 
                was not a participating provider with respect to such 
                item or service, broken down by each such provider, 
                other than such an amount with respect to an item or 
                service furnished by a provider that, during such 
                period, submitted fewer than 11 claims for such item or 
                service to such plan or coverage.
            ``(3) Manner of publication.--
                    ``(A) In general.--Rate and payment information 
                required to be made available under this subsection 
                shall be so made available in dollar amounts through 
                separate machine-readable files (and any successor 
                technology, as applicable, such as application 
                programming interface technology, determined 
                appropriate by the Secretary) corresponding to the 
                information described in each of subparagraphs (A) 
                through (C) of paragraph (2) that meet such 
                requirements as specified by the Secretary (which may 
                be so specified through subregulatory guidance). Such 
                requirements shall ensure that such files are limited 
                to an appropriate size, do not include disclosure of 
                unnecessary duplicative information contained in other 
                files made available under this subsection, are made 
                available in a widely-available format through a 
                publicly-available website that allows for information 
                contained in such files to be compared across group 
                health plans and group or individual health insurance 
                coverage, and are accessible to individuals at no cost 
                and without the need to establish a user account or 
                provide other credentials.
                    ``(B) Timing.--Rate and payment information--
                            ``(i) described in subparagraph (A) or (B) 
                        of paragraph (2) shall be made public on a 
                        quarterly basis; and
                            ``(ii) described in subparagraph (C) of 
                        paragraph (2) shall be made public on a monthly 
                        basis.
            ``(4) User instructions.--Each group health plan and health 
        insurance issuer offering group or individual health insurance 
        coverage shall make available to the public instructions 
        written in plain language explaining how individuals may search 
        for information described in paragraph (2) in files submitted 
        in accordance with paragraph (3). The Secretary shall develop 
        and publish through subregulatory guidance a template that such 
        a plan may use in developing instructions for purposes of the 
        preceding sentence.
            ``(5) Summary.--For each plan year beginning on or after 
        January 1, 2028, each group health plan and health insurance 
        issuer offering group or individual health insurance coverage 
        shall make public a data file, in a manner that ensures that 
        such file may be easily downloaded and read by standard 
        spreadsheet software and that meets such requirements as 
        established by the Secretary, containing a summary of all rate 
        and payment information made public by such plan or issuer with 
        respect to such plan or coverage during such plan year. Such 
        file shall include the following:
                    ``(A) The mean, median, and interquartile range of 
                the in-network rate, and the amount allowed for an item 
                or service when not furnished by a participating 
                provider, in effect as of the first day of such plan 
                year for each item or service (identified by payer 
                identifier approved or used by the Centers for Medicare 
                & Medicaid Services) for which benefits are available 
                under the plan or coverage, broken down by the type of 
                provider furnishing the item or service and by the 
                geographic area in which such item or service is 
                furnished.
                    ``(B) Trends in payment rates for such items and 
                services over such plan year, including an 
                identification of instances in which such rates have 
                increased, decreased, or remained the same.
                    ``(C) The name of such plan, a description of the 
                type of network of participating providers used by such 
                plan or coverage, and, in the case of a group health 
                plan, a description of whether such plan is self-
                insured or fully-insured.
                    ``(D) For each item or service which is paid as 
                part of a bundled or capitated rate--
                            ``(i) a description of the formulae, 
                        pricing methodologies, or other information 
                        used to calculate the payment rate for such 
                        rate; and
                            ``(ii) a list of the items and services 
                        included in such rate.
                    ``(E) The percentage of items and services that are 
                paid for on a fee-for-service basis and the percentage 
                of items and services that are paid for as part of a 
                bundled rate, capitated payment rate, or other 
                alternative payment model.
    ``(d) Attestation.--Each group health plan and health insurance 
issuer offering group or individual health insurance coverage shall 
annually submit to the Secretary an attestation of such plan's or 
coverage's compliance with the provisions of this section. Such 
attestation shall include a link to the website (or other successor 
technology) where rate and payment information required to be made 
public under subsection (c) may be accessed.
    ``(e) Accessibility.--A group health plan and a health insurance 
issuer offering group or individual health insurance coverage shall 
take reasonable steps (as specified by the Secretary) to ensure that 
information provided in response to a request described in subsection 
(b), and rate and payment information made public under subsection (c), 
is provided in plain, easily understandable language and that 
interpretation, translations, and assistive services are provided to 
those with limited English proficiency and those with disabilities.
    ``(f) PBM Disclosure of Applicable Spread Price Drugs.--An entity 
providing pharmacy benefit management services on behalf of a group 
health plan or group or individual health insurance coverage shall 
disclose to such plan or coverage, at such time and in such manner as 
specified by the Secretary to ensure that information provided under 
subsection (b) and rate and payment information made public under 
subsection (c) is timely and accurate--
            ``(1) a list of drugs (identified by national drug codes) 
        for which benefits are available under such plan that are 
        applicable spread price drugs; and
            ``(2) with respect to each drug included on such list and 
        each pharmacy with a contractual relationship for furnishing 
        such drug under such plan or coverage, a specification of the 
        difference (if any) between the specified payment amount for 
        such drug so dispensed by such pharmacy and the specified 
        reimbursement amount for such drug so dispensed by such 
        pharmacy.
    ``(g) Definitions.--In this section:
            ``(1) Applicable spread price drug.--The term `applicable 
        spread price drug' means, with respect to a group health plan 
        or group or individual health insurance coverage, a drug for 
        which benefits are available under such plan or coverage and 
        with respect to which, at the time a disclosure described in 
        subsection (f) is required to be made by an entity providing 
        pharmacy benefit management services on behalf of such plan or 
        coverage--
                    ``(A) a contract is in effect between such entity 
                and a pharmacy for the dispensing of such drug under 
                such plan or coverage; and
                    ``(B) the specified payment amount for such drug so 
                dispensed is less than the specified reimbursement 
                amount for such drug so dispensed.
            ``(2) In-network rate.--The term `in-network rate' means, 
        with respect to a group health plan or group or individual 
        health insurance coverage and an item or service furnished by a 
        provider that is a participating provider with respect to such 
        plan or coverage and item or service, the contracted rate 
        (reflected as a dollar amount) in effect between such plan or 
        coverage and such provider for such item or service, regardless 
        of whether such rate is calculated based on a set amount, a fee 
        schedule, or an amount derived from another amount, or a 
        formula, or other method.
            ``(3) Participating provider.--The term `participating 
        provider' means, with respect to an item or service and a group 
        health plan or health insurance issuer offering group or 
        individual health insurance coverage, a physician or other 
        health care provider (as defined in paragraph (4)) who is 
        acting within the scope of practice of that provider's license 
        or certification under applicable State law and who has a 
        contractual relationship with the plan or issuer, respectively, 
        for furnishing such item or service under the plan or coverage, 
        respectively.
            ``(4) Provider.--The term `provider' includes a health care 
        facility and a pharmacy.
            ``(5) Specified payment amount.--The term `specified 
        payment amount' means, with respect to a drug to be dispensed 
        by a pharmacy to a participant, beneficiary, or enrollee of a 
        group health plan or group or individual health insurance 
        coverage where such pharmacy has in effect a contract with an 
        entity providing pharmacy benefit management services on behalf 
        of such plan or coverage for the dispensing of such drug under 
        such plan or coverage, the amount that such entity has agreed 
        to pay such pharmacy for the ingredient costs and any 
        applicable dispensing fee for such drug (or the amount that 
        such entity has agreed to pay such pharmacy for such drug under 
        any other compensation structure specified by the Secretary) 
        under such contract, taking into account any cost sharing 
        requirement applicable to such drug and participant, 
        beneficiary, or enrollee.
            ``(6) Specified reimbursement amount.--The term `specified 
        reimbursement amount' means, with respect to a drug to be 
        dispensed by a pharmacy to a participant, beneficiary, or 
        enrollee of a group health plan or group or individual health 
        insurance coverage where such pharmacy has in effect a contract 
        with an entity providing pharmacy benefit management services 
        on behalf of such plan or coverage for the dispensing of such 
        drug under such plan or coverage, that amount that such plan or 
        coverage has agreed to pay to such entity for the ingredient 
        costs and any applicable dispensing fee for such drug (or the 
        amount that such plan or coverage has agreed to pay such entity 
        for such drug under any other compensation structure specified 
        by the Secretary), taking into account any cost sharing 
        requirement applicable to such drug and participant, 
        beneficiary, or enrollee.''.
            (3) ERISA.--
                    (A) In general.--Section 719 of the Employee 
                Retirement Income Security Act of 1974 (29 U.S.C. 
                1185h) is amended--
                            (i) in the header, by striking 
                        ``maintenance of price comparison tool'' and 
                        inserting ``transparency in coverage'';
                            (ii) by striking ``A group health plan'' 
                        and inserting the following:
    ``(a) Maintenance of Price Comparison Tool for Plan Years Before 
2028.--
            ``(1) In general.--A group health plan'';
                            (iii) in subsection (a), as inserted by 
                        clause (ii), by adding at the end the following 
                        new paragraph:
            ``(2) Sunset.--Paragraph (1) shall not apply with respect 
        to plan years beginning on or after January 1, 2028.''; and
                            (iv) by adding at the end the following new 
                        subsections:
    ``(b) Cost-Sharing Transparency.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, a group health plan and a health insurance 
        issuer offering group health insurance coverage shall provide a 
        participant or beneficiary, in a timely manner upon request of 
        the participant or beneficiary, information on the amount of 
        cost-sharing (including deductibles, copayments, and 
        coinsurance) under the participant or beneficiary's plan or 
        coverage that the participant or beneficiary would be 
        responsible for paying with respect to the furnishing of a 
        specific item or service by a provider. At a minimum, such 
        information shall include the information specified in 
        paragraph (2) and shall be made available to such participant 
        or beneficiary through a self-service tool that meets the 
        requirements of paragraph (3) or, at the option of such 
        participant or beneficiary, through a paper disclosure or phone 
        or other electronic disclosure (as selected by such participant 
        or beneficiary and provided at no cost to such participant or 
        beneficiary) that meets such requirements as the Secretary may 
        specify.
            ``(2) Specified information.--For purposes of paragraph 
        (1), the information specified in this paragraph is, with 
        respect to an item or service for which benefits are available 
        under a group health plan or group health insurance coverage 
        furnished by a health care provider to a participant or 
        beneficiary of such plan or coverage, the following:
                    ``(A) If such provider is a participating provider 
                with respect to such item or service, the in-network 
                rate for such item or service.
                    ``(B) If such provider is not a participating 
                provider with respect to such item or service, the 
                maximum allowed amount or other dollar amount that such 
                plan or coverage will recognize as payment for such 
                item or service, along with a notice that such 
                participant or beneficiary may be liable for additional 
                charges.
                    ``(C) The estimated amount of cost-sharing 
                (including deductibles, copayments, and coinsurance) 
                that the participant or beneficiary will incur for such 
                item or service (which, in the case such item or 
                service is to be furnished by a provider described in 
                subparagraph (B), shall be calculated using the maximum 
                allowed amount or other dollar amount described in such 
                subparagraph).
                    ``(D) The amount the participant or beneficiary has 
                already accumulated with respect to any deductible or 
                out of pocket maximum under the plan or coverage 
                (broken down, in the case separate deductibles or 
                maximums apply to a participant and such participant's 
                beneficiaries enrolled in the plan or coverage, by such 
                separate deductibles or maximums, in addition to any 
                cumulative deductible or maximum).
                    ``(E) In the case such plan imposes any frequency 
                or volume limitations with respect to such item or 
                service (excluding medical necessity determinations), 
                the amount that such participant or beneficiary has 
                accrued towards such limitation with respect to such 
                item or service.
                    ``(F) Any prior authorization, concurrent review, 
                step therapy, fail first, or similar requirements 
                applicable to coverage of such item or service under 
                such plan or coverage.
                    ``(G) Any financial incentives (such as any credit, 
                payment, or other benefit provided by such plan or 
                issuer) available to the participant or beneficiary 
                with respect to such item or service furnished by such 
                provider known at the time such request is made.
                    ``(H) In the case such item or service is an 
                applicable spread price drug dispensed by a pharmacy--
                            ``(i) a specification that such item or 
                        service is such an applicable spread price 
                        drug;
                            ``(ii) the amount of the difference (if 
                        any) between the specified payment amount for 
                        such drug so dispensed by such pharmacy and the 
                        specified reimbursement amount for such drug so 
                        dispensed by such pharmacy;
                            ``(iii) a plain language statement 
                        specified by the Secretary that explains the 
                        concept of spread pricing and how such item's 
                        status as such an applicable spread price drug 
                        may impact the amount such plan or coverage 
                        pays for such drug and cost sharing amounts for 
                        such drug described in subparagraph (C); and
                            ``(iv) a plain language statement specified 
                        by the Secretary informing the participant or 
                        beneficiary of the participant's or 
                        beneficiary's ability to obtain a summary 
                        document relating to drug pricing information 
                        described in section 726(b)(2)(B)(ii).
            ``(3) Self-service tool.--For purposes of paragraph (1), a 
        self-service tool established by a group health plan or health 
        insurance issuer offering group health insurance coverage meets 
        the requirements of this paragraph if such tool--
                    ``(A) is based on an internet website (or successor 
                technology specified by the Secretary);
                    ``(B) provides for real-time responses to requests 
                described in paragraph (1);
                    ``(C) is updated in a manner such that information 
                provided through such tool is timely and accurate at 
                the time such request is made;
                    ``(D) allows such a request to be made with respect 
                to an item or service furnished by--
                            ``(i) a specific provider that is a 
                        participating provider with respect to such 
                        item or service;
                            ``(ii) all providers that are participating 
                        providers with respect to such item or service; 
                        or
                            ``(iii) a provider located in a relevant 
                        geographic region that is not a participating 
                        provider with respect to such item or service;
                    ``(E) provides that such a request may be made with 
                respect to an item or service through use of the 
                billing code for such item or service or through use of 
                a descriptive term for such item or service; and
                    ``(F) meets any other requirement determined 
                appropriate by the Secretary, including requirements to 
                ensure the accessibility and usability of information 
                provided through such tool.
        The Secretary may require such tool, as a condition of 
        complying with subparagraph (E), to link multiple billing codes 
        to a single descriptive term if the Secretary determines that 
        the billing codes to be so linked correspond to similar items 
        and services.
    ``(c) Rate and Payment Information.--
            ``(1) In general.--For plan years beginning on or after 
        January 1, 2028, each group health plan and health insurance 
        issuer offering group health insurance coverage (other than a 
        grandfathered health plan (as defined in section 1251(e) of the 
        Patient Protection and Affordable Care Act)) shall make 
        available to the public the rate and payment information 
        described in paragraph (2) in accordance with paragraph (3).
            ``(2) Rate and payment information described.--For purposes 
        of paragraph (1), the rate and payment information described in 
        this paragraph is, with respect to a group health plan or group 
        health insurance coverage, the following:
                    ``(A) With respect to each item or service (other 
                than a drug) for which benefits are available under 
                such plan or coverage--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the date on 
                        which such information is made public with each 
                        provider that is a participating provider with 
                        respect to such item or service;
                            ``(ii) with respect to each such provider, 
                        an indication of whether, during the 1-year 
                        period beginning 18 months before the date such 
                        information is made public, such provider 
                        submitted a claim for such item or service to 
                        such plan or coverage; and
                            ``(iii) in the case that such plan or 
                        coverage provides benefits for such item or 
                        service only when furnished by a specific type 
                        of provider, a specification of each type of 
                        provider that may furnish such item or service 
                        under such plan or coverage;
                    ``(B) With respect to each drug (identified by 
                national drug code) for which benefits are available 
                under such plan or coverage--
                            ``(i) the in-network rate (expressed as a 
                        dollar amount) in effect as of the first day of 
                        the month in which such information is made 
                        public with each provider that is a 
                        participating provider with respect to such 
                        drug;
                            ``(ii) the average amount paid by such plan 
                        or coverage (accounting for, in a manner 
                        determined appropriate by the Secretary, 
                        rebates, discounts, price concessions, and any 
                        other remuneration specified by the Secretary) 
                        for such drug dispensed or administered during 
                        the 90-day period beginning 180 days before 
                        such date of publication to each provider that 
                        was a participating provider with respect to 
                        such drug, broken down by each such provider, 
                        unless fewer than 20 claims for such drug were 
                        submitted to such plan or coverage during such 
                        period; and
                            ``(iii) in the case such drug is an 
                        applicable spread price drug dispensed by a 
                        pharmacy--
                                    ``(I) a specification that such 
                                drug is such an applicable spread price 
                                drug; and
                                    ``(II) for each pharmacy that has a 
                                contractual relationship for dispensing 
                                such drug under such plan or coverage, 
                                a specification of the difference (if 
                                any) between the specified payment 
                                amount for such drug so dispensed by 
                                such pharmacy and the specified 
                                reimbursement amount for such drug so 
                                dispensed by such pharmacy.
                    ``(C) With respect to each item or service for 
                which benefits are available under such plan or 
                coverage, the amount billed, and the amount allowed by 
                the plan, for each such item or service furnished 
                during the 6-month period beginning 9 months before the 
                date such information is made public by a provider that 
                was not a participating provider with respect to such 
                item or service, broken down by each such provider, 
                other than such an amount with respect to an item or 
                service furnished by a provider that, during such 
                period, submitted fewer than 11 claims for such item or 
                service to such plan or coverage.
            ``(3) Manner of publication.--
                    ``(A) In general.--Rate and payment information 
                required to be made available under this subsection 
                shall be so made available in dollar amounts through 
                separate machine-readable files (and any successor 
                technology, as applicable, such as application 
                programming interface technology, determined 
                appropriate by the Secretary) corresponding to the 
                information described in each of subparagraphs (A) 
                through (C) of paragraph (2) that meet such 
                requirements as specified by the Secretary (which may 
                be so specified through subregulatory guidance). Such 
                requirements shall ensure that such files are limited 
                to an appropriate size, do not include disclosure of 
                unnecessary duplicative information contained in other 
                files made available under this subsection, are made 
                available in a widely available format through a 
                publicly available website that allows for information 
                contained in such files to be compared across group 
                health plans and group or individual health insurance 
                coverage, and are accessible to individuals at no cost 
                and without the need to establish a user account or 
                provide other credentials.
                    ``(B) Timing.--Rate and payment information--
                            ``(i) described in subparagraph (A) or (B) 
                        of paragraph (2) shall be made public on a 
                        quarterly basis; and
                            ``(ii) described in subparagraph (C) of 
                        paragraph (2) shall be made public on a monthly 
                        basis.
            ``(4) User instructions.--Each group health plan and health 
        insurance issuer offering group health insurance coverage shall 
        make available to the public instructions written in plain 
        language explaining how individuals may search for information 
        described in paragraph (2) in files submitted in accordance 
        with paragraph (3). The Secretary shall develop and publish 
        through subregulatory guidance a template that such a plan may 
        use in developing instructions for purposes of the preceding 
        sentence.
            ``(5) Summary.--For each plan year beginning on or after 
        January 1, 2028, each group health plan and health insurance 
        issuer offering group health insurance coverage shall make 
        public a data file, in a manner that ensures that such file may 
        be easily downloaded and read by standard spreadsheet software 
        and that meets such requirements as established by the 
        Secretary, containing a summary of all rate and payment 
        information made public by such plan or issuer with respect to 
        such plan or coverage during such plan year. Such file shall 
        include the following:
                    ``(A) The mean, median, and interquartile range of 
                the in-network rate, and the amount allowed for an item 
                or service when not furnished by a participating 
                provider, in effect as of the first day of such plan 
                year for each item or service (identified by payer 
                identifier approved or used by the Centers for Medicare 
                & Medicaid Services) for which benefits are available 
                under the plan or coverage, broken down by the type of 
                provider furnishing the item or service and by the 
                geographic area in which such item or service is 
                furnished.
                    ``(B) Trends in payment rates for such items and 
                services over such plan year, including an 
                identification of instances in which such rates have 
                increased, decreased, or remained the same.
                    ``(C) The name of such plan, a description of the 
                type of network of participating providers used by such 
                plan or coverage, and, in the case of a group health 
                plan, a description of whether such plan is self-
                insured or fully-insured.
                    ``(D) For each item or service which is paid as 
                part of a bundled or capitated rate--
                            ``(i) a description of the formulae, 
                        pricing methodologies, or other information 
                        used to calculate the payment rate for such 
                        rate; and
                            ``(ii) a list of the items and services 
                        included in such rate.
                    ``(E) The percentage of items and services that are 
                paid for on a fee-for-service basis and the percentage 
                of items and services that are paid for as part of a 
                bundled rate, capitated payment rate, or other 
                alternative payment model.
    ``(d) Attestation.--Each group health plan and health insurance 
issuer offering group health insurance coverage shall annually submit 
to the Secretary an attestation of such plan's or coverage's compliance 
with the provisions of this section. Such attestation shall include a 
link to the website (or other successor technology) where rate and 
payment information required to be made public under subsection (c) may 
be accessed.
    ``(e) Accessibility.--A group health plan and a health insurance 
issuer offering group health insurance coverage shall take reasonable 
steps (as specified by the Secretary) to ensure that information 
provided in response to a request described in subsection (b), and rate 
and payment information made public under subsection (c), is provided 
in plain, easily understandable language and that interpretation, 
translations, and assistive services are provided to those with limited 
English proficiency and those with disabilities.
    ``(f) PBM Disclosure of Applicable Spread Price Drugs.--An entity 
providing pharmacy benefit management services on behalf of a group 
health plan or group health insurance coverage shall disclose to such 
plan or coverage, at such time and in such manner as specified by the 
Secretary to ensure that information provided under subsection (b) and 
rate and payment information made public under subsection (c) is timely 
and accurate--
            ``(1) a list of drugs (identified by national drug codes) 
        for which benefits are available under such plan that are 
        applicable spread price drugs; and
            ``(2) with respect to each drug included on such list and 
        each pharmacy with a contractual relationship for furnishing 
        such drug under such plan or coverage, a specification of the 
        difference (if any) between the specified payment amount for 
        such drug so dispensed by such pharmacy and the specified 
        reimbursement amount for such drug so dispensed by such 
        pharmacy.
    ``(g) Definitions.--In this section:
            ``(1) Applicable spread price drug.--The term `applicable 
        spread price drug' means, with respect to a group health plan 
        or group health insurance coverage, a drug for which benefits 
        are available under such plan or coverage and with respect to 
        which, at the time a disclosure described in subsection (f) is 
        required to be made by an entity providing pharmacy benefit 
        management services on behalf of such plan or coverage--
                    ``(A) a contract is in effect between such entity 
                and a pharmacy for the dispensing of such drug under 
                such plan or coverage; and
                    ``(B) the specified payment amount for such drug so 
                dispensed is less than the specified reimbursement 
                amount for such drug so dispensed.
            ``(2) In-network rate.--The term `in-network rate' means, 
        with respect to a group health plan or group health insurance 
        coverage and an item or service furnished by a provider that is 
        a participating provider with respect to such plan or coverage 
        and item or service, the contracted rate (reflected as a dollar 
        amount) in effect between such plan or coverage and such 
        provider for such item or service, regardless of whether such 
        rate is calculated based on a set amount, a fee schedule, or an 
        amount derived from another amount, or a formula, or other 
        method.
            ``(3) Participating provider.--The term `participating 
        provider' means, with respect to an item or service and a group 
        health plan or health insurance issuer offering group health 
        insurance coverage, a physician or other health care provider 
        (as defined in paragraph (4)) who is acting within the scope of 
        practice of that provider's license or certification under 
        applicable State law and who has a contractual relationship 
        with the plan or issuer, respectively, for furnishing such item 
        or service under the plan or coverage, respectively.
            ``(4) Provider.--The term `provider' includes a health care 
        facility and a pharmacy.
            ``(5) Specified payment amount.--The term `specified 
        payment amount' means, with respect to a drug to be dispensed 
        by a pharmacy to a participant or beneficiary of a group health 
        plan or group health insurance coverage where such pharmacy has 
        in effect a contract with an entity providing pharmacy benefit 
        management services on behalf of such plan or coverage for the 
        dispensing of such drug under such plan or coverage, the amount 
        that such entity has agreed to pay such pharmacy for the 
        ingredient costs and any applicable dispensing fee for such 
        drug (or the amount that such entity has agreed to pay such 
        pharmacy for such drug under any other compensation structure 
        specified by the Secretary) under such contract, taking into 
        account any cost sharing requirement applicable to such drug 
        and participant or beneficiary.
            ``(6) Specified reimbursement amount.--The term `specified 
        reimbursement amount' means, with respect to a drug to be 
        dispensed by a pharmacy to a participant or beneficiary of a 
        group health plan or group health insurance coverage where such 
        pharmacy has in effect a contract with an entity providing 
        pharmacy benefit management services on behalf of such plan or 
        coverage for the dispensing of such drug under such plan or 
        coverage, that amount that such plan or coverage has agreed to 
        pay to such entity for the ingredient costs and any applicable 
        dispensing fee for such drug (or the amount that such plan or 
        coverage has agreed to pay such entity for such drug under any 
        other compensation structure specified by the Secretary), 
        taking into account any cost sharing requirement applicable to 
        such drug and participant or beneficiary.''.
                    (B) Clerical amendment.--The table of contents in 
                section 1 of the Employee Retirement Income Security 
                Act of 1974 is amended by striking the item relating to 
                section 719 and inserting the following new item:

``Sec. 719. Transparency in coverage.''.
    (b) Application Programming Interface Report.--Not later than 
January 1, 2028, and annually thereafter, the Secretary of Health and 
Human Services shall, in consultation with the Office of the National 
Coordinator for Health Information Technology, Department of Labor, the 
Department of the Treasury, and stakeholders, submit to the House 
Committees on Education and the Workforce, Energy and Commerce, and 
Ways and Means, and the Senate Committees on Finance and Health, 
Education, Labor, and Pensions a report on the use of standards-based 
application programming interfaces (in this subsection referred to as 
``APIs'') to facilitate access to health care price transparency 
information and the interoperability of other medical information. Such 
report shall include an evaluation of the capacity of the Department of 
Health and Human Services, the Department of Labor, and the Department 
of the Treasury to regulate and implement standards related to APIs and 
recommendations for improving such capacity. Such report shall include 
the following:
            (1) A description of current use, and proposed use, of APIs 
        under Federal rules to facilitate interoperability, including 
        information related to capacity constraints within the 
        agencies, barriers to adoption, privacy and security, 
        administrative burdens and efficiencies, care coordination, and 
        levels of compliance.
            (2) A description of the feasibility of agency 
        participation in the development of APIs to enable application 
        access to price transparency data under the amendments made by 
        subsection (a).
            (3) A specification of the timeline for which such data 
        standards can be required to make such data accessible via an 
        API.
            (4) An analysis of the benefits and challenges of 
        implementing standards-based APIs for price transparency data, 
        including the ability for consumers to access rate and payment 
        information and the amount of cost-sharing (including 
        deductibles, copayments, and coinsurance) under the consumer's 
        plan through third-party internet-based tools and applications.
            (5) An analysis of the impact that APIs which provide real-
        time access to pricing and cost-sharing information may have in 
        increasing the amount of services shoppable for individuals, 
        such as by standardizing more health care spend via episode 
        bundles.
            (6) An analysis of which health care items and services may 
        be useful under API, such as those for which prices change with 
        the greatest frequency.
            (7) An analysis of the cost of API standards implementation 
        on issuers, employers, and other private-sector entities.
            (8) An analysis of the ability of State regulators to 
        enforce API standards and the costs to the Federal Government 
        and States to regulate and enforce API standards.
            (9) An analysis of the interaction with API standards and 
        Federal health information privacy standards.
    (c) Provider Tool Report.--
            (1) In general.--Not later than 1 year after the date of 
        the enactment of this Act, The Secretary of Health and Human 
        Services, acting through the Administrator of the Centers for 
        Medicare & Medicaid Services, shall, in consultation with 
        stakeholders, conduct a study and submit to the House 
        Committees on Education and the Workforce, Energy and Commerce, 
        and Ways and Means, and the Senate Committees on Finance and 
        Health, Education, Labor, and Pensions a report on the 
        usefulness and feasibility of the establishment of a provider 
        tool by a group health plan, or a health insurance issuer 
        offering group or individual health insurance coverage, in 
        facilitating the provision of information made available 
        pursuant to the amendments made by subsection (a). Such report 
        shall include the following:
                    (A) A description of the feasibility of 
                establishing a requirement for the various types of 
                plans and coverage to offer such a provider tool, 
                including any challenges to establishing a provider 
                tool using the same technology platform as the self-
                service tool described in such amendments.
                    (B) An evaluation on the usefulness of a provider 
                tool to aid patient-decision making and how such tool 
                would coordinate with other information available to a 
                patient and their provider under other Federal 
                requirements in place or under consideration.
                    (C) An evaluation of whether the information 
                provided by such tool would be duplicative of the 
                advanced explanation of benefits required under Federal 
                law or any other existing requirement.
                    (D) A description of the usability and expected 
                utilization of such tool among providers, including 
                among different provider types.
                    (E) An analysis of the impact of a provider tool in 
                value-based care arrangements.
                    (F) An analysis on the potential impact of the 
                provider tool on--
                            (i) patients' out-of-pocket spending;
                            (ii) plan design, including impacts on 
                        cost-sharing requirements;
                            (iii) care coordination and quality;
                            (iv) plan premiums;
                            (v) overall health care spending and 
                        utilization; and
                            (vi) health care access in rural areas.
                    (G) An analysis of the feasibility of a provider 
                tool to include additional functionality to facilitate 
                and improve the administration of the requirements on 
                providers to submit notifications to such plan or 
                coverage under section 2799B-6 of the Public Health 
                Service Act and the requirements on such plan or 
                coverage to provide an advanced explanation of benefits 
                to individuals under section 2799A-1(f) of such Act.
                    (H) An analysis of which health care items and 
                services, would be most useful for providers utilizing 
                a provider tool.
                    (I) An analysis of rulemaking required to ensure 
                such a tool complies with federal health information 
                privacy standards.
                    (J) An analysis of the burden and cost of the 
                creation of a provider tool by plans and coverage on 
                providers, issuers, employers, and other private-sector 
                entities.
                    (K) An analysis of the ability of state regulators 
                to enforce provider tool standards and the costs to the 
                Department and states to regulate and enforce provider 
                tool standards.
            (2) Definition.--The term ``provider tool'' means a tool 
        designed to facilitate the provision of information made 
        available pursuant to the amendments made by subsection (a) and 
        established by a group health plan or a health insurance issuer 
        offering group or individual health insurance coverage that 
        allows providers to access the information such plan or 
        coverage must provide through the self-service tool described 
        in such amendments to an individual with whom the provider is 
        actively treating at the time of such request, upon the request 
        of the provider, and with the consent of such individual.
    (d) Reports.--
            (1) Compliance.--Not later than January 1, 2029, the 
        Comptroller General of the United States shall submit to 
        Congress a report containing--
                    (A) an analysis of compliance with the amendments 
                made by this section;
                    (B) an analysis of enforcement of such amendments 
                by the Secretaries of Health and Human Services, Labor, 
                and the Treasury;
                    (C) recommendations relating to improving such 
                enforcement; and
                    (D) recommendations relating to improving public 
                disclosure, and public awareness, of information 
                required to be made available by group health plans and 
                health insurance issuers pursuant to such amendments.
            (2) Prices.--Not later than January 1, 2029, and biennially 
        thereafter, the Secretaries of Health and Human Services, 
        Labor, and the Treasury shall jointly submit to Congress a 
        report containing an assessment of differences in negotiated 
        prices (and any trends in such prices) in the private market 
        between--
                    (A) rural and urban areas;
                    (B) the individual, small group, and large group 
                markets;
                    (C) consolidated and nonconsolidated health care 
                provider areas (as specified by the Secretary of Health 
                and Human Services);
                    (D) nonprofit and for-profit hospitals;
                    (E) nonprofit and for-profit insurers; and
                    (F) insurers serving local or regional areas and 
                insurers serving multistate or national areas.
    (e) Quality Report.--Not later than 1 year after the date of 
enactment of this subsection, the Secretaries of Health and Human 
Services, Labor, and the Treasury shall jointly submit to Congress a 
report on the feasibility of including data relating to the quality of 
health care items and services with the price transparency information 
required to be made available under the amendments made by subsection 
(a). Such report shall include recommendations for legislative and 
regulatory actions to identify appropriate metrics for assessing and 
comparing quality of care.
    (f) Continued Applicability of Rules for Previous Years.--Nothing 
in the amendments made by subsection (a) may be construed as affecting 
the applicability of the rule entitled ``Transparency in Coverage'' 
published by the Department of the Treasury, the Department of Labor, 
and the Department of Health and Human Services on November 12, 2020 
(85 Fed. Reg. 72158), for any plan year beginning before January 1, 
2028.
                                 <all>