October 29,2020

Grassley Statement on New Trump Administration Health Care Transparency Rule

Washington Senate Finance Committee Chairman Chuck Grassley (R-Iowa) today issued the following statement after the Trump Administration issued a final rule requiring more transparency in health care pricing.
“Upfront transparency in the cost of care is critical information for patients as they make decisions. Requiring all health insurance companies to provide patients with an estimate of out-of-pocket costs before they receive care and disclose their previously secret negotiated prices will provide the 200 million Americans with private health insurance some real insight into the numbers behind their bills. This new rule will help curb some of the dysfunction that has hurt patients for years. This is a critical step for a better, more pro-patient system. I also hope we can codify some of these measures through Senator Braun’s PRICE Transparency Act, which I’ve joined.”