Premium Transparency Act
Rep. Pfluger Introduces the Premium Transparency Act to Reveal Health Insurer Profits
The Premium Transparency Act is currently being reviewed by a subcommittee in the House of Representatives. It recently moved forward to the full committee for further consideration. The bill is actively moving through the early stages of the legislative process.
Legislative Progress
Most bills introduced this late in a two year session do not become law unless they have massive support from leaders in both parties.
Key Points
Impact Analysis
Personal Impact
Life & Work
Small business owners who offer group health insurance will gain access to clearer data on how insurers spend premium dollars. This could help them make more informed decisions when choosing plans for their employees, potentially identifying insurers that deliver more value by spending a higher share of premiums on actual medical care.
“A health insurance issuer offering group or individual health insurance coverage (including a grandfathered health plan) shall, with respect to each plan year beginning on or after January 1, 2027, submit to the Secretary”
Programs
Milestones
Forwarded by Subcommittee to Full Committee by Voice Vote.
Subcommittee Consideration and Mark-up Session Held
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Referred to the Subcommittee on Health.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articles
House panel OKs hospital price transparency bills
The House Energy & Commerce Health Subcommittee approved the Premium Transparency Act (H.R. 9397), introduced by Rep. August Pfluger. The bill requires health insurers to disclose detailed overhead cost information and how premium dollars are allocated between patient care and profit.
U.S. House health panel advances 15 bills on drug control and price transparency
A House subcommittee advanced a package of 15 bills, including the Premium Transparency Act, aimed at lowering healthcare costs. The act requires insurers and Medicare Advantage plans to publicly disclose the share of premium dollars spent on patient care versus overhead and profit.
Source Information
Document Type
Congressional Bill
Official Title
Premium Transparency Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.