FT 11-01: Medical Price Transparency Act (Passed)
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Author Topic: FT 11-01: Medical Price Transparency Act (Passed)  (Read 1483 times)
Unconditional Surrender Truman
Harry S Truman
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« Reply #25 on: May 14, 2019, 07:50:36 AM »
I heartily approve of the amendment —no objections here.
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Unconditional Surrender Truman
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« Reply #26 on: May 22, 2019, 05:52:27 PM »
Any further thoughts, or are we ready to vote on this?
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Bleach Blonde Bad Built Butch Bodies for Biden
Just Passion Through
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« Reply #27 on: May 22, 2019, 06:19:39 PM »
Hearing no objection, the amendment is adopted.

I have no further comments.
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YE
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« Reply #28 on: May 24, 2019, 11:51:43 AM »
24 hours till a vote.
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YE
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« Reply #29 on: May 25, 2019, 12:12:29 PM »
A final vote has opened.
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YE
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« Reply #30 on: May 25, 2019, 12:13:00 PM »
Aye.
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Unconditional Surrender Truman
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« Reply #31 on: May 25, 2019, 06:26:12 PM »
Aye.
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Bleach Blonde Bad Built Butch Bodies for Biden
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« Reply #32 on: May 25, 2019, 09:47:10 PM »
Aye.
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YE
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« Reply #33 on: May 25, 2019, 10:36:24 PM »
Passed 3-0.
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Bleach Blonde Bad Built Butch Bodies for Biden
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« Reply #34 on: May 26, 2019, 03:49:50 PM »
Quote
AN ACT
To prohibit medical price gouging and to increase cost transparency for health care providers

Quote
Section 1: Title

This legislation may be cited as the Medical Price Transparency Act.

Section 2: Establishment of Commonwealth Insurance Commissioner

1. The First Minister shall be tasked with appointing a Commonwealth Insurance Commissioner (NPC), who shall be responsible for overseeing expenses of all medical services and procedures provided in Fremont, and for reporting cost information to AtlasCare and to the Fremontian Health Exchange.

Section 3: Medical price transparency

1. Any licensed healthcare provider in the Commonwealth of Fremont shall be required to annually report the average amount of money spent on treatment per patient and revenues gained to the Regional Insurance Commissioner.  The Commissioner shall publish these rates on an online price database.

2. All licensed insurers must file the maximum price at which they reimburse for medical expenses with the Regional Insurance Commissioner annually. The Commissioner shall publish these rates on an online Maximum Price Portal Database.

3. State Attorneys General Offices shall be empowered to investigate healthcare provider billing practices within their borders.  They shall be entitled to keep a portion of any improprieties found.  Fraudulent providers shall be fined or have their license to practice suspended.

4. It shall be unlawful for a licensed insurer to increase a subscriber's premiums by more than 20% per year. Any annual increase over 12% must be actuarially justified to the Commonwealth Insurance Commissioner.
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