March 31, 2023
House Energy and Commerce Committee hearing on transparency and competition in health care
On March 28, the House Committee on Energy and Commerce held a hearing entitled, "Lowering Unaffordable Costs: Examining Transparency and Competition in Health Care." During the hearing, discussion largely centered on ways to increase transparency and competition in the U.S. health care market to address high health care costs.
Lawmakers heard testimony from a panel of five witnesses who all expressed support for the Committee's efforts to improve health care affordability and the need to strengthen and enforce the price transparency rules, with many also providing more specific policy solutions.
Specifically, lawmakers and witnesses discussed ways to improve compliance with the hospital price transparency rule and the usability of available data; policies, such as site neutral payments, to address discrepancies in costs of services by location; and the need to increase transparency among pharmacy benefit managers (PBMs) and understand their role in high drug prices.
More information is available here.
Additional information is also available in the attached Tax Alert.
Hearing on transparency and competition in health care